Archives

July 29, 2010 - (RealEstateRama) -- Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that first quarter 2010 data submitted by Maine-chartered banks and credit unions shows a continuing increase in completed home foreclosures in Maine

May 18, 2010 - (RealEstateRama) -- Superintendent Will Lund from the Bureau of Consumer Credit Protection announced on Tuesday that Maine will make it easier and more efficient for mortgage lenders to apply for and manage their licenses by joining the Nationwide Mortgage Licensing System (NMLS). The change will also protect Maine consumers by increasing oversight of the mortgage activities of loan originators in other states.

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.

Sanford, ME - March 1, 2010 - (RealEstateRama) -- Reliant Mortgage Company, LLC is proud to announce the opening of its newest branch office located at 909B Main Street (The Garnsey Insurance Building) in downtown Sanford, ME.

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.

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

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.

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.

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.

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.

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

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.

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

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.

AUGUSTA - February 26, 2009 - (RealEstateRama) — MaineHousing and several Maine lenders are now offering ENERGY STAR mortgages, a benefit for Maine families who own or are buying homes.