Highlights
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Maryland joins nationwide mortgage settlement
Maryland Attorney General Douglas F. Gansler has agreed to join other states in a $25 billion settlement with the nation's five largest mortgage servicers — a landmark agreement that would provide nearly $1 billion in aid to Maryland homeowners...Tags: Financial and Business Services, Barack Obama, Mortgages, University of Baltimore, Finance
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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: Financial and Business Services, Bank of America Corp., Litigation, Douglas F. Gansler, Veterans Affairs
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January home sales fall in Baltimore area
January home sales slipped by 5 percent in the Baltimore area, while the number of homes on the market reached its lowest point in nearly six years, numbers released Friday show. There were 1,334 homes sold in the area last month, down from January...Tags: Foreclosures, Marketing, Homes, Inventories, Real Estate Sales
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Davidsonville man sentenced to prison in $2.8 million mortgage fraud scheme
A Davidsonville man was sentenced to a year and a day in federal prison Tuesday for wire fraud stemming from a plot to defraud lenders and a title insurance company of $2.8 million, Maryland's U.S. Attorney's Office announced in a statement. The sentence...Tags: Insurance, Prosecution, Prosecution, Trials, Corporate Crime
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Woman's pet cause helps needy owners of dogs, cats
A woman who grew up rescuing lost critters has launched an effort to help pets and their owners survive financial crises together.
Lynn Molnar is operating Thankful Paws, a food bank for pets, out of her White Marsh home.
"The idea is to keep people and...Tags: Dog (animal), White Marsh, Johns Hopkins University, Pets, Cat (animal)
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Before passing a gas tax, lawmakers must protect the Transportation Trust Fund
Gov.Martin O'Malley's proposed 6 percent sales tax in addition to the state's current 23.5-cent tax per gallon will make it harder for me to balance my budget. For the past 10 years I have averaged 16,144 miles a year, and I try to budget my expenses...Tags: Democratic Party, Justice System, Annapolis, Budgets and Budgeting, Justice System
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Baltimore suburbs rank third lowest in suburban office vacancy rates
Thanks to demand from the defense sector, the vacancy rate for office space in Baltimore's suburbs is lower than anywhere else in the United States except for two suburban markets in California, a new commercial real estate report shows.
Suburban...Tags: House Building, Fort Meade (military base), Towson, Defense, Companies and Corporations
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St. John Properties will develop Timonium Exchange strip center
St. John Properties announced last week that it has acquired a building on a 1-acre site at 56 Timonium Road, and will redevelop it into a 10,000-square-foot retail strip center, Timonium Exchange.
The site is located between Interstate-83 and York Road....Tags: Washington, DC, Towson, The Bozzuto Group, Timonium, Companies and Corporations
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Exelon picks Harbor Point for future headquarters
Harbor Point, a development project led by bakery magnate and developer John Paterakis Sr., will be the site of the headquarters for the combined Constellation-Exelon company if the proposed merger is completed, the energy giants announced Wednesday.
The...Tags: Harbor East, Baltimore City Community College, Marketing, Downtown Partnership of Baltimore, Pratt Street
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Developer seeks tax break to lure Exelon
The owner of one of the last undeveloped sites at the Inner Harbor is seeking a property tax break from the city to allow it to compete with the developers of four other sites that have proposed or considered building a downtown headquarters for Exelon...Tags: Harbor East, Investments, Baltimore City Community College, Downtown Partnership of Baltimore, Pratt Street
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Remington redevelopment project draws a crowd
Douglas Armstrong pulled out a pocket flashlight Monday morning as he entered a dark, vacant row house in Remington.
"I'm an Eagle scout," he said.
Armstrong, of the Remington Neighborhood Alliance, was among several dozen area residents, redevelopers,...Tags: Marketing, Mary Pat Clarke, Johns Hopkins Hospital, Interior Policy, Property
Feb 9, 2012
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Jan 26, 2012
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Jan 24, 2012
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