For decades, two of the best-known asset management firms in the country have shared a ZIP code — but little else — as they took different paths toward building businesses that at one point controlled nearly $1.4 trillion in combined ...

Tagged with: asset-management Baltimore firms Legg Mason lenders maryland SEC securities and exchange commission T. Rowe Price

In the last 10 days, it has become apparent that homeownership in the U.S. will be more of a privilege than a right in the coming years. Last week, the Obama administration released its thoughts on how to deal with ...

Tagged with: fannie mae federal housing administration Foreclosures freddie mac homeownership lenders mortgage Robert Nusgart

NEW YORK — The bleakest year in foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at ...

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NEW YORK — Deutsche Bank admitted criminal wrongdoing and agreed to pay more than $550 million in connection with its participation in tax shelters that enabled the rich to temporarily avoid paying hundreds of millions of dollars in U.S. taxes, ...

Tagged with: Banking department of justice Deutsche Bank IRS lawsuit lenders loans new york Settlement united states

The heartbeat of commercial real estate began to beat back to life in 2010, after essentially flatlining in 2009. Some notable office and industrial leases were inked and the hum of the BRAC spool-up emerged in Anne Arundel and Harford ...

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LOS ANGELES — Troubled studio Metro-Goldwyn-Mayer Inc. says that a federal bankruptcy court has approved its prepackaged bankruptcy plan. In the plan, its lenders will exchange nearly $5 billion in debt for ownership of the company that owns half of ...

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WASHINGTON — The number of banks on the Federal Deposit Insurance Corp.’s “problem” list grew over the summer, even as the industry posted solid net income and fewer loans soured. The number of troubled banks rose to 860 in the ...

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A collection company hired by payday loan firms was suspended by state regulators Monday because the loans were given by unlicensed companies who violated state usury laws. The Maryland Collection Agency Licensing Board in the Office of the Commissioner of ...

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State attorneys general and major mortgage lenders are a “long way” from reaching a settlement in the prosecutors’ investigation of “robo-signing” and other alleged activities that have brought the legitimacy of thousands of foreclosures into question, Maryland Attorney General Douglas ...

Tagged with: Attorney General compensation doug gansler Foreclosures housing lenders maryland Maryland Attorney General Real Estate robo-signing Settlement

WASHINGTON — Bank of America is telling a Senate panel it is making changes in its foreclosure process after an extensive review found areas needing improvement. The bank is one of several big mortgage lenders that recently suspended foreclosures temporarily ...

Tagged with: Bank of America Banks Economy federal government finance foreclosure gmac housing lenders mortgage oversight Real Estate regulation Senate Banking Committee