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About OMBA

Conceived in 1954 by a group of mortgage bankers who foresaw the value of building a strong network of real estate finance professionals, the Oregon Mortgage Bankers Association has grown into an organization which is the resource point for the real estate lending industry in Oregon.

Formerly known as the Oregon Mortgage Lenders Association, in 2012, the Board of Directors voted to change the name of the association to the "Oregon Mortgage Bankers Association" to more accurately reflect the services the association offers.

Membership, which is diverse and well representative of the industry in Oregon, includes banks, morgage bankers, and credit unions, as well as a variety of service providers including attorneys, title companies, and appraisers.  Membership is intended to represent all groups with a vested interest in an active and healthy lending environment in Oregon.

Since the Oregon Mortgage Bankers Association first hired a lobbyist, it has become a leader in the state and a resource bank for industry information. The association is actively involved with industry related legislative matters, and assists legislators in understanding the needs and problems confronting the real estate finance industry today.

Fueled by dedicated volunteers with common goals, the Oregon Mortgage Bankers Association has grown in stature and purpose. In a time where change is the norm, the OMBA has successfully kept its members informed and educated so they can provide the best service possible for the state of Oregon.

2019 Legislative Update

SB608 - Eliminates no-cause eviction standard after the first year of occupancy with 30-day notice and limits annual rent increases by no more than 7% CPI in a 12-month period.

HB2001 - This bill (if passed), would require certain localities over a certain population to allow for the development of at least one type of middle housing (quadplex, triplex, duplex, etc.) per lot in areas zoned for single-family dwellings within their Urban Growth Boundaries.

HB3349 - If passed, HB 3349  would do away with the allowable deduction for a non-principal residence and phase out the allowable deduction for interest for a principal residence based upon income.

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