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First Mariner's Hale retires
Edwin F. Hale Sr., the Baltimore trucking magnate and developer, said Friday that he has retired as chief executive and chairman of First Mariner Bancorp — the banking company he built, only to scramble in the housing market collapse and recession...Tags: Loans, BWI Thurgood Marshall Airport, Finance, First Mariner Bancorp, Baltimore Blast
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Wish list for new director of Consumer Financial Protection Bureau
To: Richard Cordray, Director
Consumer Financial Protection Bureau
Dear Mr. Cordray:
First, congratulations on your appointment to lead the Consumer Financial Protection Bureau.
Unless the banking interests have their way, your appointment is expected...Tags: Consumers, Students, Federal Trade Commission, Consumer Issue, Credit Ratings
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Hale is retired from bank, but he's not out of business
EASTON – Shortly before sunrise, Edwin F. Hale Sr. scatters decoys on the water, preparing for a day of waterfowl hunting on his Talbot County farm.
The day dawns cloudy, a good sign because ducks and geese fly low under clouds, Hale says, as he...Tags: T. Rowe Price, Finance, First Mariner Bancorp, Baltimore Blast, Domestic Travel
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Wells Fargo agrees to pay restitution to mortgage borrowers
Under an agreement announced Thursday by the Maryland Attorney General's Office, Wells Fargo has agreed to make loan modifications and pay nearly $1 million in restitution to customers of two lenders acquired by the bank. The office's Consumer Protection...Tags: Consumers, Justice System, Golden West Financial Corporation, Justice System, Wells Fargo & Co.
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Mortgage settlement: A good deal for Maryland
Maryland Attorney General Douglas F. Gansler is right to sign on to the multi-state settlement with the nation's five largest banks over some aspects of the faulty procedures they used to foreclose on homes during the mortgage crisis. The state stands...Tags: Justice System, Fannie Mae, JPMorgan Chase & Co., Bank of America Corp., Foreclosures
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Changes suggested to stave off foreclosure and its ill effects
A state task force is recommending a raft of changes to give Maryland homeowners a better shot at avoiding foreclosure and — when foreclosures do happen — to give neighborhoods a greater chance at recovering.
The suggestions, presented...Tags: Auction Service, Labor Legislation, Foreclosures, Banking, Martin O'Malley
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Mortgage broker gets 2 years in prison in fraud scheme
A Bethesda man was sentenced Thursday to 33 months in prison followed by three years of supervised release for two counts of mail fraud connected to a mortgage scheme that defrauded lenders, family members and others, the Maryland U.S. Attorney's Office...Tags: Prisons, Punishment, Prisons, Fraud, Bethesda (Montgomery, Maryland)
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Md. 'robo-signing' case thrown out of federal court
A class-action lawsuit over alleged foreclosure "robo-signing" was thrown out of federal court in Greenbelt last week when a judge ruled that the plaintiffs could have raised those complaints during their foreclosure cases. The robo-signing scandal &#...Tags: Justice System, Litigation, Legal Service, Judges, Justice System
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BGE customers unhappy with website upgrade
Baltimore Gas & Electric has upgraded its website and customer interface software. As often happens in these matters, not all seems to be going smoothly. I've heard from several customers who are having problems with the site. Says one:
"Have you tried...Tags: Consumers, Media Industry, Computing and Information Technology Industry, Banking, Finance
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Obama targets economy, taxes in address
With the presidential election in full swing and Congress mired in gridlock, President Barack Obama used his third State of the Union address Tuesday to sound a populist message on the economy, outlining a series of policies he said would give the...Tags: Democratic Party, Business, U.S. Elections, Parties and Movements, Republican Party
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Gansler urged not to sign foreclosure settlement
As state attorneys general across the country consider whether to settle with big banks over shoddy and illegal foreclosure practices, some Marylanders are urging Douglas F. Gansler not to sign on the dotted line. Their efforts are part of a nationwide...Tags: Annapolis, Justice System, Justice System, Finance, Trials
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U.S. mortgage deal nears as holdout states join
California and New York, two big holdout states in a $25 billion mortgage settlement, are expected to join the deal, smoothing the way for an announcement on Thursday, according to a person familiar with the matter. Florida, with its large distressed...Tags: Justice System, Bank of America Corp., JPMorgan Chase & Co., Pam Bondi, Foreclosures
Dec 23, 2011
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Jan 9, 2012
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Jan 27, 2012
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Jan 5, 2012
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Feb 9, 2012
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Jan 18, 2012
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Jan 12, 2012
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Jan 28, 2012
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Jan 10, 2012
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Jan 24, 2012
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Jan 23, 2012
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Feb 8, 2012
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