Archive for November 18th, 2008

Home Foreclosure Reports for Maine Not Troublesome

Tuesday, November 18th, 2008

Maine reports home foreclosures increase in the second quarter.  New mortgage data recently analyzed by the state indicated a slight increase in home foreclosures in Maine during the 2nd quarter of 2008, but officials say the number of foreclosures remains relatively small and poses no threat to the stability of state-chartered banks and credit unions.  [...]

HSBC Expands Home Loan Modification Options

Tuesday, November 18th, 2008

HSBC was one of the first mortgage banks that were affected by the subprime-mortgage meltdown. Changing the terms with some loan modifications for a portfolio of questionable home loans has failed to keep borrowers from defaulting.  The British banking giant, which bought an Illinois subprime mortgage lender called Household International Inc. in 2003, has modified [...]

Home Foreclosures Rates Soar in California, Nevada and Florida

Tuesday, November 18th, 2008

The leading online marketplace for foreclosure properties, today released its October 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings, default notices, short sale notices and bank repossessions were reported on 279,561 U.S. properties during the month, a 5% increase from the previous month and a 25 % increase from October 2007. The report also [...]