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Settlement's mortgage servicing standards now in effect
The Baltimore SunOn Tuesday, five of the nation’s largest mortgage servicers became obligated to follow 304 “servicing standards” laid out in a national mortgage settlement earlier this year. The settlement stemmed from allegations that the servicers...Tags: Mortgages, Financial and Business Services, Bank of America Corp., JPMorgan Chase & Co., Foreclosures
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Baltimore lawyer pursues mortgage-related actions against banks
Since Baltimore City Hall contended in a federal lawsuit last year that a group of international banks conspired to keep a key interest rate benchmark low, more municipalities and private companies have started to investigate potential losses because of...
Tags: Labor Legislation, Mortgages, Thornburg Mortgage Incorporated, Bankruptcy, Colleges and Universities
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The departure of Legg Mason's CEO raises questions about its future
The second CEO in Legg Mason's history announced last week he was stepping down, raising the question: What's next for the Baltimore-based money manager? Only the board — or more precisely, activist shareholder and Legg director Nelson Peltz ...
Tags: Financial and Business Services, Shareholders, Financial Markets, Corporate Officers, Morningstar Incorporated
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Baltimore city is among many suing big banks over allegations of rate-rigging
You're likely part of the largest financial scandal in the world today if you have an adjustable-rate mortgage or a private student loan.
Or live in Baltimore.
The city is suing more than a dozen major banks, claiming the institutions conspired to...Tags: Mortgages, Money and Monetary Policy, Financial Markets, HSBC Holdings plc, Laws
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Baltimore vs. Wall Street
A report that theU.S. Department of Justicehas opened criminal investigations into allegations that Wall Street's biggest banks conspired to rig interest rates tied to trillions of dollars in investments should hearten Baltimore City officials who have...
Tags: Credit Ratings, Finance, Money and Monetary Policy, Banking, Bank of America Corp.
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CFPB releases nearly 2,000 comments on private student loans
When borrowers complain about student loan debt it is most likely they are talking about private education loans. And the Consumer Financial Protection Bureau has been getting an earful of complaints about these types of loans that don't have the...Tags: Teaching and Learning, Loans, Finance, Money and Monetary Policy, Colleges and Universities
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9/11 anniversary: Different fates for Loyola classmates
September 10, 2011
Michael Fitz-Patrick was on the 61st floor of Two World Trade Center, training to be a broker. A new father at 28, he was switching careers with a goal of spending more time at home.
Daniel McNeal, 29, was also in the south tower...Tags: Investments, One World Trade Center, Boston College, Timonium, September 11, 2001 Attacks
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Obama's faith-based liberalism
Rick Santorum's assertion that President Barack Obama's agenda is not about the quality of life or jobs but "some phony ideal. Some phony theology" may not be an appropriate characterization of his religious views. However, it is an accurate description...Tags: Interior Policy, Solyndra LLC, Financial Markets, Barack Obama, American International Group
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No plan to 'divert' mortgage settlement money away from Md. homeowners, officials say
Maryland's attorney general said Friday that the nearly $60 million from the national mortgage settlement that the state controls would be used to help people "victimized by the egregious conduct of the banks," in contrast with some states that intend...Tags: Wells Fargo & Co., Lawyers, Mortgages, Financial and Business Services, Justice System
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Mortgage settlement has shortcomings, critics say
As the federal government and 49 states signed a landmark mortgage relief settlement Thursday, housing advocates and others pointed to shortcomings and raised questions about how the $25 billion plan would be able to provide relief to nearly 2 million...Tags: Federal Bailout Funds, Wells Fargo & Co., Financial and Business Services, Douglas F. Gansler, Veterans Affairs
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Wells Fargo mails mortgage-rate reduction offers to borrowers
Wells Fargo borrowers potentially eligible for mortgage rate reductions under the national settlement with big banks are being notified this month, Maryland's attorney general said Friday. The lender is mailing out rate-reduction offers in waves, meaning...Tags: Lawyers, Wells Fargo & Co., Mortgages, Financial and Business Services, Bank of America Corp.
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$1 billion in aid coming to Maryland foreclosure victims
A federal judge finalized on Thursday a landmark settlement that will bring nearly $1 billion in aid to Maryland homeowners who were victims of deceptive and illegal foreclosure practices. The settlement, for $25 billion in total, was first reached in...Tags: Wells Fargo & Co., Mortgages, Financial and Business Services, Judges, Douglas F. Gansler
Oct 2, 2012
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Sep 22, 2012
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Sep 14, 2012
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Jul 9, 2012
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Jul 16, 2012
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Jun 13, 2012
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Sep 10, 2011
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Feb 20, 2012
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Mar 23, 2012
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Feb 9, 2012
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May 4, 2012
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Apr 5, 2012
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