Housing
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Mortgage applications on the rise in R.I.
Increased home sales and low mortgage rates have led to increased mortgage activity in New England, according to data from The Warren Group’s Mortgage MarketShare Module. more
| 6/12/12
U.S. mortgage rates fall with 30-year at a record low 3.66%
U.S. mortgage rates for 30-year fixed loans declined to a record low, reducing borrowing costs amid an uneven recovery in the housing market. more
Foreclosure starts surge 119% in Bristol County, Mass.
Bristol County, Mass. foreclosure starts surged 119 percent in May compared with the same period last year as lenders across the state initiated a wave of new petitions on struggling borrowers, The Warren Group said Thursday. more
Thayer Street apartment project redesigned
Union Studio architects have redesigned Gilbane Development Co.’s proposed 102-unit luxury student apartment building on Thayer Street in response to neighborhood complaints that the original plan was “massive” and “monotonous.” more
Missed opportunity on credits
Cornish Associates President and CEO Arnold “Buff” Chase said his company has five historic Providence buildings lined up to buy and restore once Rhode Island brings back its historic tax credit program. more
Home sales in Bristol County, Mass., rise 17% in May
Single-family sales in Bristol County, Mass., rose 17.43 percent compared with the same period in 2011, The Warren Group said Tuesday. more
Foreclosure rate drops slightly in Providence metro
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.31 percentage points in April compared with the same period last year, CoreLogic said Tuesday. more
R.I. foreclosure rate drops slightly in May
Rhode Island’s foreclosure rate fell 0.2 percentage points from May 2011 to May 2012, CoreLogic said Friday. more
Where does your FICO credit score stand?
In a marketplace where lenders are demanding record-high FICO credit scores – Fannie Mae and Freddie Mac are averaging around 760 on approved mortgages this year – are you a little fuzzy about what can push your scores up or down? more
7/9/12
R.I. is 5th-highest for mortgage fraud investigations
Rhode Island had the fifth-highest Mortgage Fraud Index rating in 2011 for fraud investigations, according to LexisNexis’ 14th Annual Mortgage Fraud Report. more
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