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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.
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
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.
Attorney General Sues Unlicensed Foreclosure Rescue/Mortgage Modification Companies
November 25, 2009 Posted by Maine RealEstateRama
AUGUSTA, ME - November 25, 2009 - (RealEstateRama) — Attorney General Janet Mills today joined the Federal Trade Commission, the U.S. Department of Justice and the attorneys general of twenty-six other states in a national crackdown against foreclosure rescue and mortgage modification operations. These companies prey on consumers who are desperate to save their homes from foreclosure.
Bureau of Financial Institutions’ Survey Shows Modest Upward Trend in Foreclosures at Maine Banks and Credit Unions But Significant Increase in New Mortgage Loan Activity
September 21, 2009 Posted by Maine RealEstateRama
Professional & Financial Regulation - Financial Institutions. September 21, 2009 - (RealEstateRama) — Superintendent Lloyd P. LaFountain, III announced this week that recently completed analysis by the Bureau of Financial Institutions of second quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine.
The York County Pilot Project Of The Foreclosure Diversion Program Will Hold Informational Session On September 23, 2009
September 21, 2009 Posted by Maine RealEstateRama
September 21, 2009 - (RealEstateRama) — Chief Justice Leigh I. Saufley announced that on September 23, 2009 the York County Pilot Project of the Foreclosure Diversion Program will hold its first informational session for homeowners facing mortgage foreclosure. The York County Pilot Project and the Foreclosure Diversion Program are 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 will establish a statewide program to provide mediation services in certain residential foreclosure actions in Maine. Although the Act requires that the mediation program be available statewide in 2010, the Court launched the Pilot Project on August 3, 2009, in York County to gain a better understanding before the Diversion Program is offered throughout the State. This first informational session will be held at the District Court in Springvale
Snowe, Cardin Announce Bill to Guarantee Quality of Mortgage Securities
August 6, 2009 Posted by Maine RealEstateRama
Washington, D.C. - August 6, 2009 - (RealEstateRama) — U.S. Senators Olympia J. Snowe (R-Maine) and Ben Cardin (D-Md.) today introduced legislation to increase the trustworthiness of the nation’s mortgage security market through the establishment of a Federal Board of Certification for mortgage securities.
GOVENOR’S PRESS OFFICE -MaineHousing’s “Gift of Green” Offers Cash Incentives of Up to $5,500 to Buy a Home
June 18, 2009 Posted by Maine RealEstateRama
Combined with federal tax credits, total incentives for first time buyers can be as high as $15,000. PORTLAND, ME - June 18, 2009 - (RealEstateRama) — Governor John E. Baldacci announced today some good news for first-time homebuyers – and for Maine’s housing market. MaineHousing is starting a new “Gift of Green” homeownership initiative that provides eligible First Home program borrowers with up to $5,500 in financial incentives to purchase a home
Bureau of Financial Institutions’ Survey Shows Home Foreclosures at Maine Banks and Credit Unions Continue to Increase at Modest Rate
June 11, 2009 Posted by Maine RealEstateRama
Foreclosures and Loan Delinquencies Continue to Trend Upward but the Number of Completed Foreclosures Declines for Second Consecutive Quarter. AUGUSTA, ME - June 11, 2009 – (RealEstateRama) — Superintendent Lloyd P. LaFountain, III announced this week that recently completed analysis by the Bureau of Financial Institutions of first quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine.
New MaineHousing mortgage options expand home buying opportunities
April 25, 2008 Posted by Maine RealEstateRama
AUGUSTA – New mortgage options offered by the Maine State Housing Authority (MaineHousing) make it easier for more Maine people to buy homes of their own. Effective March 3, borrowers using a MaineHousing mortgage have the choice of a 30-year or 40-year term, with no points or two points.
