New Home Foreclosure Starts Drop at Maine Banks and Credit Unions

New Home Foreclosure Starts Drop at Maine Banks and Credit Unions

December 28, 2011 – (RealEstateRama) — Superintendent Lloyd P. LaFountain III announced this week that the Bureau of Financial Institutions’ third quarter survey covering first residential mortgage loans held by Maine’s 32 state-chartered banks and credit unions continued to show mixed performance. As such, there still is no clear trend or indication that the bottom has necessarily been reached.

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