WASHINGTON — A House committee plans to write legislation next week ending the Obama administration’s flagship effort for helping struggling homeowners avoid foreclosure and abolishing three other housing assistance programs. At its meeting next Thursday, the highest-profile target of the ...

Tagged with: Bankruptcy Barack Obama committee Congress democrats fannie mae Foreclosures freddie mac homeowners house housing legislation lender loans panel Real Estate republicans senate treasury department washington

WASHINGTON — More people bought previously occupied homes in January. But sales surged on a rising number of foreclosures and all-cash deals, and not first-time home-buyers. The rising number of distressed sales forced home prices down to their lowest level ...

Tagged with: foreclosure home sales homes housing National Association of Realtors previously occupied homes Real Estate

One in every 1,503 Maryland housing units received a foreclosure notice last month, according to new data by RealtyTrac. The figures reflect that the housing crisis that has swept the U.S. over the past three years is holding steady as ...

Tagged with: crisis foreclosure great recession housing loans maryland mortgage Real Estate RealtyTrac

After half a billion dollars of investment, the latest hopes of success for The New East Baltimore project are housed in three humble trailers on what used to be the playground of a now vacant and vandalized city school. There, ...

Tagged with: Baltimore community East Baltimore Community School east baltimore development inc. EBDI Education housing Johns Hopkins low income maryland

Did they have to destroy the community to save it? Most of The New East Baltimore’s 88 acres remain undeveloped, with only 37 percent of the rental and for-sale homes planned for the first phase actually built. East Baltimore Development ...

Tagged with: Baltimore community Development EBDI housing Johns Hopkins maryland Mayor Stephanie Rawlings-Blake

East Baltimore Development Inc. has spent $6.4 million per acre since 2002 to revitalize a largely vacant chunk of inner city bounded on three sides by slum and blight. The money has gone to buy homes, demolish buildings, relocate residents ...

Tagged with: Annie E. Casey Foundation Baltimore community east baltimore development inc. EBDI housing maryland Mayor Stephanie Rawlings-Blake

Maryland’s top court has ruled that lenders cannot execute a deed in lieu of foreclosure as a condition of approving the loan before the borrower has defaulted on the mortgage. In an opinion on Friday, the Court of Appeals vacated ...

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ANNAPOLIS — Lt. Gov. Anthony Brown says Maryland is largely on track in preparing for an influx of 60,000 jobs by 2015 due to military base realignment. He details the progress in a report released Friday. Brown chairs a state ...

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WASHINGTON — Buyers purchased the fewest number of new homes last year on records going back 47 years. Sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009, the Commerce Department ...

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A second wave of falling home prices is battering some cities that had escaped the worst of the housing market bust. Prices in Seattle, Charlotte, N.C., and Portland, Ore., have hit their lowest points since peaking in 2006 and 2007. ...

Tagged with: american charlotte cities Foreclosures home prices homes housing housing market market portland seattle Unemployment