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Tag Archives: homeowners

Late payments on mortgages fall in 1Q nationwide; Md.’s increase

LOS ANGELES — The percentage of U.S. homeowners behind on their mortgage payments dropped in the first three months of this year to the lowest level since 2009, according to a new report. Some 5.78 percent of the nation’s mortgage holders ...

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Home sales fall in March as market stays weak

WASHINGTON — Americans bought fewer previously owned homes in March, a reminder that the housing market remains weak. The National Association of Realtors said Thursday that home sales fell 2.6 percent last month to a seasonally adjusted annual rate of ...

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Inspector General: Foreclosure aid program flawed

WASHINGTON — The Treasury Department rushed out a major revamp of its foreclosure-prevention program in 2010, limiting the plan’s ability to help people who are unemployed or owe more than their homes are worth, a government watchdog says. Treasury’s Hardest ...

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Federal government to propse new mortgage lending rules

WASHINGTON — The federal government plans to propose new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mortgage payments. Congress mandated changes in the rules covering the mortgage ...

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Metro Dream Homes founder sentenced to 150 years for Ponzi scheme

The founder of a mortgage scheme that fleeced more than 1,000 people of $78 million was sentenced Friday to 150 years in prison, to be followed by three years of supervised release. Judge Roger W. Titus sentenced Andrew Hamilton Williams ...

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Some states saw spike in foreclosures in February

LOS ANGELES — Foreclosure activity surged last month across about half of the nation’s states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo due to delays stemming from foreclosure-abuse claims. The ...

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Miller: ‘Nothing’s off the table’

State Senate President Thomas V. Mike Miller, said none of Gov. Martin O’Malley’s proposed tax increases is off the table but would not be addressed in the Senate until a budget bill is passed. “Everything’s still on the table because ...

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Realtors say capping tax deductions for mortgages would hurt market

Few in Annapolis want new taxes proposed by Gov. Martin O’Malley to be levied against Maryland citizens, and now state Realtors are saying the governor’s plan to cap itemized tax deductions on wealthy homeowners would further damage an already weak housing market. The Gazette ...

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