Foreclosure filings in Massachusetts were nearly a third higher through August than in the comparable period of last year, according to ForeclosuresMass, Framingham, Mass.Statewide foreclosures were 32.8% higher in the period of January through August than the levels recorded in the same months of 2004, the online data provider reported. "We have seen a remarkable spike in the past few months," said Jeremy Shapiro, president and co-founder of ForeclosuresMass. "Looking forward, it will be interesting to see how unprecedented increases in the cost of home heating fuel and gas, coupled with other pressures on mortgagees, will impact foreclosures in the months to come." The company can be found online at http://www.foreclosuresmass.com.
-
The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
6h ago -
NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
7h ago -
Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
7h ago -
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
7h ago -
Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
July 24 -
The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
July 24







