Bureau of Financial Institutions report reflects a rise in delinquent first mortgages

Foreclosures haven't hit Maine as hard as other places around the nation, but the state has still seen some activity over the last few years, according to the annual Bureau of Financial Institutions report to the Legislature. The bureau has been studying foreclosure and mortgage delinquency data at the 32 state-chartered financial institutions since October 2006 and releasing quarterly reports, which show the number of initiated foreclosures dropping in the third quarter of 2011, whi ...