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Tag Archives: borrowers

Gansler announces mortgage rate settlement

Maryland Attorney General Doug Gansler has announced an agreement with Wells Fargo relating to allegedly deceptive marketing of adjustable rate mortgages written by companies it acquired in 2008. Gansler said Thursday the settlement involves mortgages written by Wachovia and Golden ...

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Bank of America reaches $335M settlement over Countrywide loans

Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers on home loans. The settlement with the U.S. Justice Department was filed ...

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SEC may recommend legal action against S&P

NEW YORK — The staff of the Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor’s debt ratings agency over its rating of a 2007 collateralized debt offering. Collateralized debt obligations, also known as ...

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Default rate on college loans in Maryland rises to 7.8%

COLLEGE PARK — The percentage of college students in Maryland who defaulted on their federal student loans increased last year, as a tough job market for new grads put pressure on student borrowers. The percentage of borrowers in the state ...

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Government to ease foreclosure rules for unemployed

WASHINGTON — The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its signature but troubled foreclosure-prevention programs. Starting Aug. 1, the Federal Housing Administration will extend the forbearance period ...

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