Massachusetts foreclosure activity rises in November

Fewer banks tighten mortgage underwriting standards Fewer banks tightened underwriting standards, while a slightly more than last year even eased them, according to a survey conducted by the Office of the Comptroller of the Currency. The agency surveyed 87 of the largest banks, covering 91% of all consumer loans in the U.S. banking system.

What the Heck’s going on with Foreclosures? Why this Spike?. When home prices rise for years, foreclosure filings become rare because defaulting homeowners can usually sell the home for more than they owe and pay off the mortgage.. "the foreclosure activity increases in states such as.

foreclosure activity in 2013 than in 2012. Increased levels of refinance under HARP 2.0, more loan modifications under the HomeCorps program and short sales of underwater homes encouraged by rising real estate market all have potential to reduce future foreclosure activity.

A total of about 56,000 U.S. properties started the foreclosure process in November, RealtyTrac reported as part of a monthly analysis of U.S. foreclosure activity. It was a decrease of 1% from.

BOSTON (AP) – A new report says foreclosure activity is continuing its steady increase in Massachusetts. The Warren Group said Tuesday that foreclosure petitions, the first step in the.

A total of 34,085 U.S. properties started the foreclosure process in April, down 6 percent from the previous month and down 22 percent from a year ago and continuing well below the pre-recession average of more than 77,000 foreclosure starts per month between April 2005 and November 2007.

 · California Foreclosures > National New Home Sales The Big Picture’s quote of the day: “National New Home Sales, on a monthly basis, don’t even add up to half of the total foreclosure activity in California alone in a single month.”

Foreclosing a mortgage in Massachusetts can be a pain. Among the many, very technical requirements, a foreclosing mortgagee must be able to prove that it is the holder, or the authorized.

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In November, 344 foreclosures were completed in Massachusetts, up from 286 a year ago. For the first 11 months of 2014, completed foreclosures fell 4.5 percent. The rise in foreclosure activity is.

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