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In your article "Big banks vow no repeat of '08" (Aug. 11), bank CEOs insist they have fundamental strengths so that a repeat of the 2008 financial crisis is not about to happen. Their overwhelming message in the article: This time is different. Didn't...
Tags: Freddie Mac, Finance, Elections, Financial Markets
Four years into the financial crisis, foreclosure numbers remain daunting, with nearly 80,000 U.S. households receiving default notices for the first time in August. But help might be at hand, now that the Obama administration is requiring mortgage...
The federal agency overseeing Fannie Mae and Freddie Mac failed to stop abuses by the mortgage giants' network of foreclosure attorneys for years before problems surfaced in news accounts, according to a report released Tuesday. The inspector general for...
Baltimore Sun reporterLaura Elizabeth McGrath, a Columbia-based affordable housing advocate, died of colon cancer Sept. 22 at her Hyattsville home. The former Northeast Baltimore resident was 46. Born in Baltimore and raised in Gardenville on LaSalle Avenue, she was a 1982...
Your editorial lauding President Obama's call for a balanced approach to spending and taxes rings hollow indeed ("Shared sacrifice," Sept. 20). The president's supporters and apologists have little left to cling to other than abstract phrases and...
In 2009, President Barack Obama lifted the $400 billion cap off the bailout money that Freddie Mac and Fannie Mae could pass on to the taxpayers. Apparently, $400 billion wasn't enough. Fannie and Freddie are publicly owned. You and I own them and all the...
We all have legitimate grievances. Occupy Wall Street protesters do not deserve special government status that allows them to continuously occupy a public space in order to express them. Here is a list of my grievances: What are yours? 1. A lack of...
Nerve-wracking economic conditions and more stringent mortgage requirements helped push home sales in the Baltimore region to their lowest level for the month of October in at least 13 years, putting more downward pressure on prices. The average sale...
Thomas F. Schaller makes the usual liberal mischaracterization of conservatives by asking in his op-ed column, "Why do conservatives hate government so much?" ("How government is like insurance," June 29). Of course, this is completely inaccurate since...
Have I got this right? The government, i.e. the taxpayer, is coughing up millions of dollars of borrowed money, paying over 40 percent more to rehab houses, and renting them for less than $500 a month, including utilities ("Is this house worth 475K?" June...
Tags: Medical Services, Rentals
Gauging the trajectory of the real estate market in the Baltimore region has become a hyper-local exercise — it depends on precisely where you live. While a handful of communities roared back so much last year that the number of home sales actually...
Fannie Mae and Freddie Mac have been the underpinnings of American homeownership for decades, but now, thanks to their role in the collapse of the housing market, they are being targeted for massive reform or elimination. But as leaders in Congress and...
Aug 18, 2011 |Story| Baltimore Sun
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