Foreclosure filings in Massachusetts totaled 2,136 in May, the eighth consecutive month in which they have exceeded 2,000, according to ForeclosuresMass.com, a provider of foreclosure data based in Framingham, Mass.The company said lenders initiated foreclosure proceedings against 23,638 homeowners over the past 12 months, a 74% increase from the 12-month level recorded a year earlier. "May continues to be a record month for foreclosures affecting Massachusetts homeowners, and the trends suggest that we may continue experiencing these [historic] numbers throughout 2007," said Jeremy Shapiro, president and co-founder of ForeclosuresMass.com. 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.
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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.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28