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Entries in Foreclosures (8)


Financial Institutions . . . In the News

  • The second annual financial “stress test” of Fannie Mae and Freddie Mac show improvement.  (PPH 5.1.2015)
  • Wells Fargo’s stand-alone division focusing on commercial banking in New England.  (Boston Business Journal (5.4.2015)
  • Maine mortgage foreclosures are down due to the Greenleaf case ruling by the Maine Supreme Judicial Court.  (BDN 5.6.2015)
  • Four branches of Camden National to close from the acquisition of the Bank of Maine.  (BDN 5.15.2015)
  • US Department of Justice and four Swiss banks reach a deal to turn over US tax evaders.  (Maine Mirror 5.29.2015)
  • $3 million reinvested in Caribou from Maine State Retirement System surplus.  (BDN 5.30.2015)

Financial Institutions . . . In the News

  • Median home prices dropped slightly and home sales increased by 26 percent in October.  (BDN 11.20.2014)
  • Personal income in Maine has its sharpest rise in Aroostook County.  (Central Maine 11.20.2014)
  • Ocwen Financial is being sued by homeowners for illegal fees and unfair treatment.  (MPBN 11.18.2014)
  • Large economic growth predicted in southern Maine by NBT Bank Maine President John Watt.  (PPH 11.18.2014)
  • NBT Bank opens regional headquarters at 245 Commercial Street in Portland.  (Mainebiz 11.4.2014)
  • Nation-wide average of completed foreclosures deceased by almost one third since September 2013.  (Housing Wire 10.29.2014)
  • Bond-buying program by the Federal Reserve ends as the economy improves.  (PPH 10.29.2014)
  • GM Financial subpoenaed in investigation of its subprime auto finance business.  (BDN 10.25.2014)
  • Apple Pay duplicated nearly 1,000 Bank of America transactions in error.  (News Maine 10.25.2014)

Financial Institutions...In the News

  • Target shoppers may be affected by data breach.  (Kennebec Journal 12.19.2013)
  • Maine mortgage defaults increased in 2013 (Sun Journal 12.11.2013)
  • Security breach at JP Morgan Chase & Co may affect 1,300 Maine unemployment recipients.  (Government Technology 12.11.2013)
  • Maine’s elderly and children are targets of identity thefts.  (Bangor Daily News 12.11.2013)

Financial Institutions...In The News

  • Two anticipated new rules for mortgage lending may make mortgage loans harder to come by.  Cleveland Plain Dealer, 11/5/12
  • Federal Reserve survey finds banks willing to lend, but not for mortgages.  Portland Press Herald, 10/31/12
  • Swiss banks, suspected of being a haven for tax evasion, under pressure to reduce secrecy.   Sun Journal/Washington Post, 11/4/12
  • Bank failures down in 2012.  Portland Press Herald, 10/28/12
  • National foreclosure inventory remains stable, but completed foreclosures down from last year.  Real Estate Economy Watch, 10/31/12;, 11/5/12
  • Cyber thieves steal $180,000 from Missouri company electronic bank account using a “virus-laden” email., 11/8/12

Maine Financial Institutions...In the News

  • Standard & Poor’s raises outlook for Maine from negative to stable. (Bangor Daily News, May 25, 2012).
  • Moody’s drops Maine’s outlook from stable to negative.  (Kennebec Journal, May 18, 2012; Waterville Sentinel, May 19, 2012).
  • Judicial foreclosure states have highest inventory rates.  Maine at 4.4%.  (Inman News, May 1, 2012).
  • Residential foreclosure rates dropping nationally.  Maine among lowest in nation.  (Bangor Daily News, May 18, 2012).
  • Border Trust purchased by Bar Harbor Bankshares. (Kennebec Journal, May 2, 2012).
  • Northeast Bancorp issues public offering of 4.76 million shares.  (, May 3, 2012).
  • Key Bank and Bath Savings offer programs to serve the “unbanked” in Maine.  (Kennebec Journal, May 13, 2012).
  • Bill Williamson named new president of Bank of America, Maine.  (Portland Press Herald, May 15, 2012).