Monthly Archives: May 2007

The Big News in the Residential Market- Lenders Tighten Their Belts

The big change in the residential markets that we have noticed in recent months is the tightening up of underwriting standards by residential lenders.The “front page news headlines” of trouble in the sub-prime market and regulatory pressure seem to have … Continue reading

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Massachusetts Banks’ OREO Balances Jump by 34%

What is OREO? OREO, also known as REO, stands for “Other Real Estate Owned”. Banks generally acquire OREO through the foreclosure process. OREO is not something a bank wants to have on it’s books. Once a bank owns real estate, … Continue reading

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