Small business lending in Baltimore has fallen off over the past 10 years even as deposits continued to grow, a Johns Hopkins University report found. Much of the changes have been brought about through a number of post-recession changes, including ...

Tagged with: johns hopkins university lending small business loans

One thing that’s critical for growth in a capitalistic economy and that’s capital. Small businesses, which have created two out of three new jobs in this country in recent years, are the ones with big capital needs. The good news ...

Tagged with: big banks lending Small business small business administration

A recent report by a Washington, D.C., advocacy group has confirmed what many organizations that work with low-income families in the city say they’ve already suspected: getting a mortgage in Baltimore isn’t necessarily about one’s credit score, it’s about race. ...

Tagged with: Baltimore lending Maryland Consumer Rights Coalition mortgage racism

Appellants filed a pro se Motion to Vacate Judgment on the ground of fraud pursuant to Rule 2-535(b). Their fraud allegation was based upon a claim that they never entered into a contract with the party named as plaintiff. In its response, the bank admitted that it had incorrectly stated its own name through “a scriveners error."

Tagged with: baltimore city civil procedure contracts fraud-mistake-or-irregularity lending Sept. Term 2013 Thieme

WASHINGTON — Average U.S. rates on fixed mortgages were little changed this week, hovering near historic lows. Cheap mortgages have helped spur a recovery in the housing market. Mortgage buyer Freddie Mac said Thursday that the average rate on the ...

Tagged with: Banks Business Economy home sales homes housing market lending loans mortgages

WASHINGTON — U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season. Home prices rose 9.7 percent in January from a year ago, according to data released Tuesday by ...

Tagged with: Banks Business corelogic Economy home prices homes housing market lending Real Estate

NEW YORK — Small businesses were still restrained in their borrowing in December as they awaited the outcome of tax and budget talks in Congress. That’s the finding of a survey of small business lending released Monday by PayNet, a ...

Tagged with: business news Congress Economy lending maryland Small business

James D. Witty has joined Susquehanna Bank as regional president for the Baltimore area and eastern Maryland. Witty will provide leadership to Susquehanna’s commercial and retail banking teams in Baltimore city and Baltimore, Carroll, Howard, Anne Arundel, Harford and Worcester ...

Tagged with: bank lending PNC Bank Susquehanna Bank

NEW YORK — The federal government sued one of the nation’s largest privately held mortgage brokers on Tuesday, saying its decade-long fraudulent lending practices cost the government hundreds of millions of dollars and forced thousands of American homeowners to lose ...

Tagged with: civil lawsuit fed federal reserve fraud housing lawsuit lending mortgage Real Estate u.s. department of housing and urban development U.S. District Court

UPPER MARLBORO — Prince George’s County has retained its AAA bond rating from three ratings houses. The Washington Post reports the ratings came from Fitch, Standard & Poor’s and Moody’s. The ratings indicate that the county’s financial stability is seen ...

Tagged with: fitch interest rates lending moody's Prince George's County standard & poor's