Housing
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Foreclosures in metro drop in August
Lenders initiated 31 percent fewer foreclosures on Providence metropolitan-area homes during August than they did during the same period last year, RealtyTrac said Thursday. more
Expect to come up short if you’re selling short
With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short sales by underwater homeowners, what impacts can these sellers expect to see on their credit scores? more
9/24/12
Housing market recovery helping bolster U.S. expansion
Sales of previously owned homes and work on single-family projects climbed in August to the highest levels in two years, signaling the residential real-estate market is contributing to U.S. economic recovery. more
Embrace Home Loans provides meals for needy
Employees at Embrace Home Loans in Newport again continued the company’s tradition of assembling Thanksgiving baskets for those in need during the holiday. more
12/24/12
Confidence among homebuilders hits a six-year high
Confidence among U.S. homebuilders climbed in September to the highest level in more than six years, adding to signs of progress in residential construction. more
Bloomberg News | 9/24/12
Appetite growing for jumbo loans
Bargain hunters may still rule the market, but high-end real estate is gaining momentum, and many lenders are looking to take advantage. more

By Patrick Anderson
PBN Staff Writer | 10/1/12

Kilmartin announces funds available from foreclosure settlement
PROVIDENCE – Attorney General Peter F. Kilmartin announced last week that approximately 5,500 Rhode Island residents who lost their primary residence due to an improper foreclosure processes between Jan. 1, 2008, and Dec. 31, 2011, should expect to receive notice by mail with information about how to file a claim for funds under the $25 billion National Mortgage Settlement. more
10/1/12
Lame-duck Congress a concern for owners
Though the news spotlight has been on the presidential debates and the Nov. 6 elections, a more pressing personal issue for large numbers of homeowners across the country involves the lame-duck congressional session scheduled to begin Nov. 13. more
10/15/12
Woonsocket group lands $300K from HUD for housing efforts
The U.S. Department of Housing and Urban Development will award $300,000 to Woonsocket-based NeighborWorks Blackstone River Valley to execute grassroots efforts to revitalize public housing at the Veterans Memorial Housing and transform the Our Neighbor’s Planning District neighborhood. more
| 10/12/12
Foreclosures plunge in Providence area in September
Lenders in September completed less than half the number of foreclosures in the Providence-Fall River-New Bedford area as they did during the same period last year and initiated 38 fewer new foreclosures, RealtyTrac said Friday. more
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