Items Tagged with 'Maine'

ARTICLES

  • Home prices go haywire coast to coast

    The most recent CoreLogic [stock CLGX][/stock] Housing Price Index, scheduled for public release next week, will show home prices dipped 3.35% nationally from November 2009 to November 2010. But digging deeper into the housing numbers shows they've gone haywire and defy a ready explanation.
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  • eLynx Expands Document Services in Portland

    Cincinnati-based digital document services provider eLynx opened a second print/mail center in Beaverton, Ore., outside Portland. The firm, a subsidiary of American Capital [stock ACAS][/stock], began its presence in the region when it acquired SwiftView in 2006. As more lenders move toward electronic document delivery, the demand for eLynx services has increased.
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  • Maine Implementing Mandatory Mediation Program

    Maine counties are working to implement the state’s new mandatory foreclosure mediation program, and a pilot program is already underway in the state’s most populous such municipality. The law allows homeowners who face foreclosure to request state-supervised mediation. It is modeled after similar mediation programs established in Connecticut and other states. The state’s other 16 counties are required to establish mediation programs by Jan. 1, 2010. In York County, in the state’s most southern tip, a pilot program is already underway and establishing procedures for mediation.
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  • Maine Shuts Out 15 Mortgage Rescue Companies

    Regulators in Maine ordered 15 so-called “mortgage rescue” companies to stop doing business in the state because they took advanced fees from homeowners but did nothing to help their clients. According to Will Lund, superintendent of Maine’s Bureau of Consumer Credit Protection, the 15 companies – all of them located out-of-state - collected a combined $36,000 from 30 Maine homeowners and have ignored all communication from state regulators.
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  • TD Bank Offers $2m in Housing Grants

    TD Charitable Foundation, the giving arm of TD Bank and TD Banknorth will offer $2m in grants to support affordable housing along the east coast through its 2009 “Housing for Everyone” competition. From Maine to Florida, the operating area of the banks, non-profit programs can submit their creative solutions for a rocky housing market in the hopes of landing one of the 56 grants, ranging from $10,000 to $100,000.
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  • Five States Swap Tax Credits for Treasury Stimulus

    The US Treasury is setting up nearly $135m in Recovery Act funds for Iowa, Maine, New Hampshire, Rhode Island and Washington. The money is meant to go towards creating jobs in the states and developing a more affordable housing market for residents. The states, in turn, will swap tax credits for the aid. Iowa has been granted $72m; Rhode island, $36m; Washington, $11m; New Hampshire, $10m and Maine, $4m.
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  • Delinquencies up 43% from 2008

    On the heels of a record quarter in home price declines, homeowners continue to slip underwater on their mortgages and fall increasingly delinquent on payments. The trends are not stopping at Q109, with April recording steep delinquencies to start off Q209.
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  • States Help, Hurt When it Comes to Mortgages

    State legislatures are stepping up their response to the nation's housing crisis, according to research released today by the Pew Center on the States -- but that response appears to be mixed in terms of its effectiveness and focus, according to a review of the study's findings by HousingWire.
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  • Average Rental Rates Increase in Northeast: Report

    Average rental rates in multifamily properties throughout the Northeast rose modestly in the face of a troubled residential housing market, according to a survey released Friday by Sunrise Management & Consulting. The Fall 2008 Sunrise Multifamily Rental Market Report showed rate increases in most of New York and in all of Massachusetts, New Hampshire, Maine and Vermont. According to the report, the Rhode Island and western Connecticut markets reversed earlier flat growth with rental rate increases.
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