The settlement, announced in February, sets aside $1.5 billion for direct payments to about 2 million borrowers nationwide whose homes were foreclosed between 2008 and 2011 by one of five participating mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo.
But nearly 10,000 Oregon residents haven't filed claims since notices were sent out in September. The deadline for claims is Jan. 18.
In Oregon, payments would be at least $840, though it depends on the number of claims. Claims can be filed by returning the forms mailed in September, or at nationalmortgagesettlement.com.