3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

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Servicing / The Ticker

Massachusetts forclosure activity drops 60%

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Massachusetts foreclosure activity fell in November -- another sign of the brightening housing market -- as fewer struggling homeowners went into foreclosure and lost their properties to lenders, according to new data released Wednesday.

There were 295 completed foreclosure filed in November, 2012, a decline of almost 60 percent from November 2011, according to the Warren Group, a Boston company that tracks local real estate.

Foreclosure initiations, the first step in the seizure process, also fell in November, dropping to 983, a 3 percent decline from the same time in 2011, according to the Warren Group.

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