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Tag Archives: lenders

Realities of Real Estate: Saving the Maryland mortgage interest deduction

Last week, a large group of Marylanders stood in a driving rain outside the statehouse, holding up signs that talked about saving Maryland’s MID. They weren’t braving a near monsoon out of concern for Naval Academy Midshipmen. They were protesting ...

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Foreclosure activity edges higher in January

LOS ANGELES — Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out foreclosure-abuse claims. Foreclosures rose 8 percent nationally last ...

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Maryland joins pending multibillion-dollar foreclosure settlement

Maryland stands to receive between $895 million and $959 million in benefits under a pending multibillion-dollar nationwide settlement with the five largest mortgage lenders over alleged foreclosure abuses, Attorney General Douglas F. Gansler said Wednesday. Gansler joined the ranks of ...

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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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Stirring up a fight, Obama names consumer watchdog

SHAKER HEIGHTS, Ohio — Defying Republican lawmakers, President Barack Obama on Wednesday barreled by the Senate and installed a national consumer watchdog on his own, provoking GOP threats of a constitutional showdown in the courts. Setting a fierce tone in ...

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Robert Nusgart: As lenders pull back, consumers lose options

Amid all off the hoopla about falling mortgage interest rates that has spawned another refinance boom for homeowners comes news that two of the nation’s largest lenders are backing away from the mortgage industry. This month, Bank of America announced ...

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