More MA Homeowners Face Foreclosure In 2009, But Fewer Lose Their Homes (Banker & Tradesman) - January 21, 2010

The number of foreclosures initiated in Massachusetts jumped 28.1 percent in 2009 to 27,928 from 21,804 in 2008 but was 5.5 percent below the level in 2007, according to the latest report from The Warren Group, publisher of Banker & Tradesman.

The number of completed foreclosures, meanwhile, declined 25.4 percent to 9,269 last year from 12,430 in 2008 but was still 21.1 percent ahead of the 7,653 foreclosures recorded two years earlier.

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