Bureau of Financial Institutions’ Survey Shows Modest Upward Trend in Foreclosures at Maine Banks and Credit Unions But Significant Increase in New Mortgage Loan Activity

Professional & Financial Regulation – Financial Institutions. September 21, 2009 – (RealEstateRama) — Superintendent Lloyd P. LaFountain, III announced this week that recently completed analysis by the Bureau of Financial Institutions of second quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine.