oregon 02Oregon Law Foundation Receives $4.78 Million under Bank of America Mortgage Settlement

 

This is a prnweswire.com article.

BOSTON, April 26, 2016 /PRNewswire/ —¬†Eric D. Green, independent Monitor of Bank of America’s August 20, 2014, mortgage settlement with the U.S. Department of Justice and six states, today announced the distribution of $4,784,764 to the Oregon Law Foundation, as mandated under the settlement, to provide legal assistance in foreclosure prevention and community redevelopment.

The Oregon Law Foundation, headquartered in Tigard, is one of 56 state-based legal-assistance organizations receiving funds under the settlement, which settled legal claims arising from mortgage-related activities by Bank of America and its subsidiaries. A distribution was made earlier to NeighborWorks America, a national, congressionally-chartered nonprofit organization that provides training and support for community-based redevelopment programs in the United States and Puerto Rico.

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