Three mortgage brokers formerly from the Portland area were charged with mortgage fraud by a federal grand jury earlier this year.

Michael Han, Joel Surprenant and Benjamin Lucescu were each charged with one count of acquiring mortgage loans by falsifying loan applications and with fraudulent intent.  The three cases are just a small part of a nationwide effort by the feds to identify and bring mortgage fraudsters to justice.  Many of the thousands of cases being investigated by the FBI were [...]

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The recession has reared its ugly head and this time it has touched the Northwest city of Portland. Tom Moyer, one of Oregon’s most successful real estate developers, stopped construction on his Park Avenue West project yesterday and showed everyone that no one is protected from the downturn in the economy.

Park Avenue West is situated on one of the more desirable locations in downtown Portland and was projected to flourish as Portland ranks as having the country’s second most stable [...]

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