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Mortgage settlement gets mixed reviews
Deatrice S. Besong says it feels like winning the lottery: Her mortgage servicer recently agreed to reduce her loan by $249,000 next year, saving her $300 a month and erasing the debt overhang that has her owing far more than her house is worth.
"It's...Tags: Freddie Mac, Citigroup Incorporated, Foreclosures, Consumers, Interior Policy
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Harford schools to finance $16 million for energy improvements at 2.01 percent
Harford County Public Schools will finance the third phase of its system wide energy improvements initiative through JPMorgan Chase Bank at an interest rate of less than 2.1 percent. The contract, which carries a lower interest rate than projected, was...Tags: Collective Contract, Finance, Drugs and Medicines, Jim Jewell, Teaching and Learning
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Dunbar to launch division to armor websites against cyber criminals
Dunbar Armored has been in the armored-car business for nearly 90 years. But the Hunt Valley-based company now is branching into a new way to protect banks' and businesses' money and valuables: cybersecurity.
The company is launching a subsidiary, Dunbar...Tags: Agriculture, Hunt Valley, Finance, Financial and Business Services, Organized Crime
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Md. homeowners get $225M so far from mortgage settlement
Nearly 3,000 Maryland homeowners received almost $225 million in relief as of the end of June from the national settlement with five mortgage servicers, state officials announced Wednesday. The money was distributed to homeowners in the form of...Tags: Finance, Financial and Business Services, Citigroup Incorporated, Bank of America Corp., Mortgages
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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: Financial and Business Services, Citigroup Incorporated, Bank of America Corp., Mortgages, 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: Companies and Corporations, Bankruptcy, University of Maryland, College Park, Finance, Trials
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Blame Barclays, not capitalism
Why aren't more people furious about the Libor scandal? That's a question mostly being asked on the political left these days, and they're right to ask it. Here are the basics: Barclays is the second-largest bank in Britain and one of the largest in the...
Tags: ING Group, Punishment, Robert Diamond, Manhattan (New York City), Fines
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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: Insurance, Credit Ratings, Finance, Citigroup Incorporated, Money and Monetary Policy
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Robert B. Reich: Coming soon to Wall Street, the biggest scandal yet
Just when you thought Wall Street couldn't sink any lower -- when its excesses are still causing hardship to millions of Americans and its myriad abuses of public trust have already spread a miasma of cynicism over the entire economic system -- an even...
Tags: Finance, Citigroup Incorporated, Robert Diamond, Banking, Insider Trading
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Robert B. Reich: How Wall Street is trying to avoid U.S. oversight
While all eyes are on the Supreme Court and Obamacare, a quieter battle is being waged against the president's other major initiative, the Dodd-Frank financial reform act. Wall Street has already watered down or delayed most of Dodd-Frank. Now it wants...
Tags: American International Group, Finance, Europe, Jamie Dimon, Robert B. Reich
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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., Freddie Mac, Fannie Mae, Finance, Financial and Business Services
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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: Freddie Mac, Trials, Citigroup Incorporated, Veterans Affairs, Wells Fargo & Co.
Dec 13, 2012
|Story| Baltimore Sun
Dec 11, 2012
|Story| Patuxent Homestead
Nov 5, 2012
|Story| Baltimore Sun
Aug 29, 2012
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Oct 2, 2012
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Sep 22, 2012
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Jul 16, 2012
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Jul 16, 2012
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Jul 11, 2012
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Jun 27, 2012
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Mar 23, 2012
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Feb 9, 2012
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