Tag Archives: mortgage

Md. high court rejects bank’s pursuit of mortgage reformation

“Here, we unequivocally hold that, despite the circumstance – and our recognition – that jury nullification sometimes occurs, jury nullification is not authorized in Maryland and a jury does not have the right to engage in jury nullification,” Judge Shirley M. Watts wrote for the high court majority. (The Daily Record/File Photo)

The Court of Appeals rejected a second attempt to reform a mortgage and foreclose on a Cockeysville couple’s property Monday, finding the bank trustee was barred by claim and issue preclusion from bringing the second lawsuit. The Court of Appeals affirmed a ...

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Unions, activists decry investors purchasing Baltimore’s distressed mortgages

A map brought to a Baltimore City Council meeting Thursday by Unite Here shows hedge fund Oaktree Capital Management’s loans are concentrated in African-American neighborhoods. (Adam Bednar/The Daily Record)

Activists and unions urged a Baltimore City Council committee to consider actions against lenders they argue hurt the city by purchasing distressed mortgages, evicting homeowners and leaving properties vacant. The Housing and Urban Affairs Committee held a hearing on Thursday ...

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Buying a car? A home? Fed rate hike shouldn’t matter much

Federal Reserve Chair Janet Yellen's Washington news conference is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, Dec. 16, 2015. The Fed's move to lift its key rate by a quarter-point to a range of 0.25 percent to 0.5 percent ends an extraordinary seven-year period of near-zero rates that began at the depths of the 2008 financial crisis. (Richard Drew/AP)

WASHINGTON — For anyone considering whether to buy a home or car, the Federal Reserve’s interest rate increase Wednesday shouldn’t make much difference. The rates that most people pay for mortgages, auto loans or college tuition aren’t expected to jump ...

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Report: Race most significant in Baltimore’s lending disparities

(Illustration by Maximilian Franz / The Daily Record)

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. ...

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Average rate on 30-year mortgage falls to 3.66 pct.

Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, dipped below 3 percent for the first time since then.

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