Home Foreclosures and DelinquentMortgage Loans Continue to Increase Modestly at Maine Banks and Credit Unions

AUGUSTA, ME – December 8, 2009 – (RealEstateRama) — Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that third quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.