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Former MD congressman’s Forbright valued at $870M after shares fall in debut
Forbright, the Maryland-based bank founded by former U.S. Rep. John Delaney, was valued at $870 million after its shares fell in their Nasdaq debut.
Report: Small business lending in Baltimore down
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 […]
Lending by big banks to small businesses hits record high, study finds
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, […]
Report: Race most significant in Baltimore’s lending disparities
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 […]
ERIC KEMPSON, et ux. v. ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIATION
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."
Rate on 30-year mortgage ticks up to 3.52 pct.
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 […]
Home prices rose by most in nearly 7 years
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 […]
Survey: Small biz lending restrained in Dec.
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 […]
Witty joins Susquehanna Bank
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 […]
Feds sue mortgage broker, alleging lending fraud
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 […]
Prince George’s County keeps AAA bond rating
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. […]
Bernanke calls for more lending to troubled areas
WASHINGTON — Federal Reserve Chairman Ben Bernanke is calling for more lending to people and small businesses in lower-income neighborhoods, saying they’ve been hurt disproportionately by the worst recession since […]
