FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

New Foreclosures Set Record in Massachusetts

Foreclosure rates in Massachusetts continued to hit new record levels during the first quarter, a report from statewide foreclosure data provider ForeclosuresMass.com said on Wednesday. More than 9,000 properties entered into foreclosure during the quarter, a 37.6 percent increase over one year earlier, and the third consecutive record-breaking quarter. "Despite all of the attention being given to the foreclosure issue, nothing has changed," said Jeremy Shapiro, president and co-founder of ForeclosuresMass.com. "In fact, things have gotten worse." Foreclosures are up in 271 of the state's 351 communities, the company said, with 73 communities experiencing at least a 75 percent jump in foreclosure filings during the past 12 months. Overall, 32,349 homeowners faced foreclosure in the past 12 months, a statewide increase of nearly 45 percent. Q1 2008 saw 9,114 new foreclosure filings, the single highest quarter on record; the previous high was Q4 2007 with 8,579. For more details, visit http://www.foreclosuresmass.com.

Recent Articles by Paul Jackson

Comments powered by Disqus