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Tag Archives: Bank of America

U.S. 4Q bank earnings up 37 pct as lending rises

WASHINGTON — Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks continued to step up lending. The figures are fresh evidence of the industry’s ...

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Realities of Real Estate: Long view on short sales: Experience counts (access required)

In last week’s column, we talked about short sales and foreclosures, or together what’s commonly referred to as distressed sales. Although the volume of these transactions is thankfully declining, they still represent a significant number of home sales. During 2012, more than half of all the properties sold in Prince George’s County were either a foreclosure or short sale; in Baltimore city, it was one in three.

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U.S. banks try to clean up remaining mortgage mess

WASHINGTON — U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis by agreeing to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners. The deal announced Monday could ...

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Unwanted slot machines could go to Rocky Gap casino (access required)

State gambling officials are considering using slot machines removed from the state’s two largest casinos to furnish a future casino at Rocky Gap Lodge and Golf Resort in Allegany County.

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Lawsuit alleges ‘brazen’ fraud at Countrywide

NEW YORK — The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults. The suit, ...

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