If only Massachusetts was the only state to see such figures. Ignoring pesky oversight issues was definitely the way to go. In fact, the financial industry is still thankful that Congress is letting them slide and not questioning the bailout for Wall Street. See how well industry can self-regulate? Charles Prince, Stanley O'Neal and Angelo Mozilo really appreciate the lack of serious action. Democrats are completely missing the issue if they continue their inaction. Enough of the talk, time to take some action.
Almost 1,200 Massachusetts properties were seized by mortgage companies in March, an increase of more than 140 percent from the number of foreclosures in March 2007, according to data from Warren Group.
Foreclosures during the first three months of the year topped 2,800, also up about 140 percent over the same period last year. Massachusetts is on pace to shatter the previous record for the most foreclosures in a year, set in 1992.
