Foreclosure filings in Massachusetts ran more than a third higher through October than in the comparable period of last year, according to ForeclosuresMass, Framingham, Mass.Statewide foreclosures were 35.1% higher in the January-October period than the level recorded in the same months of 2004, the online data provider reported. "The dramatic increase in foreclosure activity in Massachusetts is continuing unabated," said Jeremy Shapiro, president and co-founder of ForeclosuresMass. Mr. Shapiro said the high foreclosure rate is expected to continue "into the foreseeable future." The company can be found online at http://www.foreclosuresmass.com.
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Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
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Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
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The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
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The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
September 11 -
The current transaction has the largest collateral pool that the platform has issued all year, with 294 loans, and it has the highest percentage of conforming loans, at 45.1%.
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