Foreclosures are "skyrocketing" in Massachusetts, according to ForeclosuresMass, a provider of foreclosure data based in Framingham, Mass.The company said 4,292 foreclosures were recorded in the second quarter, up 66% from the level of a year earlier and 114% from that of 2004. "Foreclosures are not simply on the rise here in Massachusetts, they are skyrocketing to new levels," said Jeremy Shapiro, president and co-founder of ForeclosuresMass. "Thousands of Massachusetts homeowners are in distress, and interest rates, dropping home prices, and escalating energy costs will only make the situation worse as we move into the latter half of 2006." The company can be found online at http://www.foreclosuresmass.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28