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Mortgages

A collection of news and information related to Mortgages published by this site and its partners.

Top Mortgages Articles

Displaying items 61-72
  • Baltimore lawyer pursues mortgage-related actions against banks

    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...
  • Congressional staffers fight banks, City Hall over foreclosures

    Congressional staffers fight banks, City Hall over foreclosures
    Inside a small cubicle in Timonium, Jessica Gatton Facini is saving homes. The 26-year-old sorts through foreclosure and lien documents from Baltimore homeowners, identifies a problem and then navigates the bureaucracy of big banks and government...
  • Three indicted for Reservoir Hill mortgage fraud

    Three Marylanders have been indicted for mortgage fraud related to homes in Baltimore's Reservoir Hill neighborhood, federal prosecutors announced Friday. Kimberly Eileen McMillian, 45, of Baltimore, Olutoyin Oladosu, 53, of Lanham, and Glenroy Emanuel...
  • Mortgage settlement gets mixed reviews

    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...
  • Mortgage settlement: not enough relief

    Mortgage settlement: not enough relief
    Almost a year after five big banks signed a $25 billion national mortgage settlement with 49 state attorneys general last February, too few families are getting relief, too many of those getting some help continue to lose their homes to short sales, and...
  • Maryland nonprofit offers free reverse mortgage counseling

    Maryland nonprofit offers free reverse mortgage counseling
    Is a reverse mortgage right for you? These loans are available to those 62 and older and allows them to draw cash out of their house without having to sell it or make monthly payments. The loan is paid off when the owner dies or sells the house....
  • Fed's easy money will eventually trigger inflation

    Fed's easy money will eventually trigger inflation
    Bar the door, Nelly — the Fed has abandoned all restraint and will now print money to finance the federal deficit. To support the weak recovery, the Federal Reserve continues to keep short-term interest rates near zero, purchase mortgage-backed...
  • Md. foreclosure activity high despite recovering market

    Md. foreclosure activity high despite recovering market
    Maryland's housing market is improving, but many homeowners still face trouble. Foreclosure activity in Maryland last month reached a 33-month high, according to RealtyTrac, which gathers real estate data nationwide. Among the states, Maryland had the...
  • Study concludes FHA lending practices in Baltimore area could lead to high foreclosure rates

    Study concludes FHA lending practices in Baltimore area could lead to high foreclosure rates
    Homes with federally insured mortgages — afforded to mostly lower-income borrowers — are expected to see a spike in foreclosures because of dicey lending practices, according to a recent study. More than a dozen ZIP codes in the Baltimore...
  • House-flipping waiver is extended

    House-flipping waiver is extended
    Federal officials have extended a regulatory waiver that makes it easier to "flip" properties — a move meant to encourage the renovation of foreclosed homes but that critics say could herald the return of predatory schemes. The Federal Housing...
  • Marylanders aren't shy about complaining

    Marylanders aren't shy about complaining
    Marylanders are big complainers. At least when it comes to the financial services they receive. Maryland ranked No. 2 in the nation in mortgage complaints per capita, second only to New Hampshire, for grievances lodged with the Consumer Financial...
  • Long sentence highlights efforts to prosecute mortgage fraud

    Long sentence highlights efforts to prosecute mortgage fraud
    Con artist Rodney Getlan did not just take people's money — his actions caused them to lose their homes. That he stole the sanctuary of a roof and four walls may have led to Getlan's getting a much longer prison term. Baltimore County Circuit Judge...