State’s Home Foreclosure Prevention Program Expands

March 18, 2010 Posted by Maine RealEstateRama

Aroostook County Housing Counselor Added to Program

AUGUSTA, ME - March 18, 2010 - (RealEstateRama) — The Bureau of Consumer Credit Protection signed a contract this month with Aroostook County Action Program (ACAP), increasing the number of housing counselors serving Maine homeowners. This contract adds another certified housing counseling service to the seven non-profit agencies currently under contract around the State

Bureau of Financial Institutions Announces Continued Modest Increase in Home Foreclosures, But Increase in New Mortgage Loans

March 15, 2010 Posted by Maine RealEstateRama

March 15, 2010 - (RealEstateRama) — Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that fourth quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.

Maine Office of Securities and Attorney General’s Office Announce Action in Real Estate Investment Scheme

March 10, 2010 Posted by Maine RealEstateRama

March 10, 2010 - (RealEstateRama) — The Maine Office of Securities and Maine Attorney General’s Office announced that Eric S. Murphy, Jr., formerly of Ellsworth, pled guilty on March 2nd in Hancock County Superior Court to two counts of Class B felony theft by deception in connection with an investment scam Murphy ran to fund his residential construction loan business

Attorney General Janet T. Mills Urges Homeowners to Be Careful When Choosing a Home Repair Contractor

March 9, 2010 Posted by Maine RealEstateRama

March 9, 2010 - (RealEstateRama) — Attorney General Janet T. Mills warns homeowners to be careful when choosing a contractor to repair damage from recent storms. “After storms and other natural disasters, some home improvement contractors aggressively market their services to the elderly and other potentially vulnerable consumers to repair their homes,” said Attorney General Mills. “While most contractors in Maine are reputable and treat their customers fairly, some do not. Consumers should wait, check around and get written estimates before hiring a contractor do to home repairs.”

Foreclosure Diversion Program Holds First Informational Session at the Augusta District Court on March 10, 2010.

March 5, 2010 Posted by Maine RealEstateRama

March 5, 2010 - (RealEstateRama) — On March 10, 2010, the Foreclosure Diversion Program will hold its first informational session at the Augusta District Court for homeowners who have been ordered to attend as part of the new foreclosure mediation process; lenders and their attorneys in these cases are also invited to attend, although their attendance is not mandatory. The Supreme Judicial Court designed informational sessions to educate homeowners about the foreclosure mediation process and it is hoped that as a result of these sessions, the parties will be better prepared to use mediation sessions productively.

Foreclosure Diversion Program Will Hold Informational Session For Homeowners Facing Mortgage Foreclosure at Ellsworth District Court on February 26, 2010

February 25, 2010 Posted by Maine RealEstateRama

February 25, 2010 - (RealEstateRama) — Chief Justice Leigh I. Saufley announced that on February 26, 2010, the Foreclosure Diversion Program will hold its first informational session at the Ellsworth District Court for homeowners who have been ordered to attend as part of the foreclosure mediation process. The Foreclosure Diversion Program is the result of the recently enacted P.L. 2009, ch. 402, An Act To Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures. In accordance with the new law, the Supreme Judicial Court established a statewide program to provide mediation services in certain residential foreclosure actions in Maine.

Governor Announces Energy-Conversion Grants

February 18, 2010 Posted by Maine RealEstateRama

AUGUSTA, ME - February 18, 2010 - (RealEstateRama) — Governor John E. Baldacci announced today that six school and university oil-to-wood heating projects are receiving more than $3.2 million in federal recovery funds.

Foreclosure Diversion Program Will Hold Informational Session For Homeowners Facing Mortgage Foreclosure in Cumberland County

February 17, 2010 Posted by Maine RealEstateRama

February 17, 2010 - (RealEstateRama) — Chief Justice Leigh I. Saufley announced that on February 19, 2010, the Foreclosure Diversion Program will hold its first informational session for homeowners facing mortgage foreclosure in Cumberland County. The Foreclosure Diversion Program is the result of the recently enacted P.L. 2009, ch. 402, An Act To Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures. In accordance with the new law, the Supreme Judicial Court established a statewide program to provide mediation services in certain residential foreclosure actions in Maine.

State Takes Action to Protect Consumers from Unlicensed Debt Management and Mortgage Modification Company

February 15, 2010 Posted by Maine RealEstateRama

February 15, 2010 - (RealEstateRama) — Following an investigation by Maine’s Bureau of Consumer Credit Protection and the Attorney General’s Office, State officials have taken legal action against a Massachusetts-based debt management company. The State alleged that 123 Fix My Loan, LLC was not licensed to operate in Maine nor properly bonded and therefore acting illegally

Dale McCormick Sworn in as MaineHousing Director

February 12, 2010 Posted by Maine RealEstateRama

AUGUSTA, ME - February 12, 2010 - (RealEstateRama) — Governor John E. Baldacci today swore in Dale McCormick as Director of MaineHousing. The Governor had nominated McCormick for reappointment on Jan. 5, and she was confirmed by the full Senate on Feb. 4.

Maine’s Office of Securities Announces Indictment of Former Real Estate Broker

January 25, 2010 Posted by Maine RealEstateRama

January 25, 2010 - (RealEstateRama) — Maine Securities Administrator Judith Shaw announced today that a Cumberland County Grand Jury recently [1/8/10] returned a one count indictment charging former Yarmouth commercial real estate broker Daniel J. Coyne with Class B theft by deception in connection with his raising money to finance an allegedly non-existent real estate development.

Governor Names MaineHousing, Dirigo Health and Maine Retirement System Nominees

January 5, 2010 Posted by Maine RealEstateRama

AUGUSTA, ME - January 5, 2010 - (RealEstateRama) — Governor John E. Baldacci today announced nominations to the boards of the Maine State Housing Authority (MaineHousing), Dirigo Health and Trustees of the Maine Public Employees Retirement System.

The Supreme Court Promulgates Rule 93 For The Foreclosure Diversion Program

December 22, 2009 Posted by Maine RealEstateRama

December 22, 2009 - (RealEstateRama) — On December 21, 2009, the Supreme Court adopted amendments to the Maine Rules of Civil Procedure, by adding Rule 93. Effective January 1, 2010, M.R. Civ. P. 93 will govern the operation of the Foreclosure Diversion Program.

Home Foreclosures and DelinquentMortgage Loans Continue to Increase Modestly at Maine Banks and Credit Unions

December 8, 2009 Posted by Maine RealEstateRama

AUGUSTA, ME - December 8, 2009 - (RealEstateRama) — Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that third quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.

Notice to Interested Parties Request for Comments and Notice of Public Hearing - Relating to the Adjustment of Non-Bank Mortgage Lender Fees to Fund Investigative and Legal Compliance Personnel

December 1, 2009 Posted by Maine RealEstateRama

The Bureau of Consumer Credit Protection is proposing a new rule, titled “Adjustment of Non-Bank Mortgage Lender Fees to Fund Investigative and Legal Compliance Personnel.” A copy of that proposed rule is attached. The Bureau will provide an opportunity for public comment on this proposed rule on Wednesday morning, the 9th of December, 2009, at the Department’s Gardiner Annex, 76 Northern Avenue, Gardiner, Maine 04345, starting at 8:30 AM.

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