Wells Fargo has agreed to pay about $16.2 million to settle claims over a kickback scheme involving an Owings Mills title company that allegedly affected more than 9,000 customers, many of them in Maryland, under terms of an agreement filed Thursday in Maryland District Court.
Three Baltimore groups say they've found a way to reduce the city's vacant homes, respond to the long-term housing needs of the poor and stabilize neighborhoods, without letting unscrupulous investors run rampant in their communities.
The Carroll County Board of Commissioners and key staff will soon be headed to New York to impress lending institutions to purchase up to $28 million in bonds to finance a portion of multiple county projects.
One year after a group of investors bought the troubled institution, 1st Mariner Bank can boast a number of achievements: it's well capitalized, fewer distressed loans weigh on its balance sheet and it even turned a small profit in the first quarter of 2015.
The city's youth employment program has 1,000 more applicants than jobs this summer, Baltimore officials said Wednesday, as they urged employers to help close a funding gap to hire more city teens and young adults. YouthWorks, the city's five-week summer program for 14- to- 21-year olds, needs $1.5 million to reach a goal of providing jobs for 8,000 young people.
A collection of fair housing advocacy groups accused Fannie Mae on Wednesday of a pattern of maintaining and marketing its foreclosed houses in white areas – including in the Baltimore region – better than in minority areas.
Wells Fargo and JPMorgan Chase would pay $35.7 million for participating in a mortgage kickback scheme with a now-defunct Maryland title company under a federal consent order filed Thursday, the Consumer Financial Protection Bureau and Maryland Attorney General Brian E. Frosh announced Thursday.
Open gambling tables and slot machines were easy to find this week at the Trump Plaza Hotel and Casino, now that the standing-room crowds once common to high tourist season at the world's most famous boardwalk have found other spots to visit and place their bets.
John Laursen, an Army veteran of the wars in Iraq and Afghanistan, and his wife Casey have spent about than a year handling his recovery after being medically evacuated from Afghanistan, but they are able to begin moving forward, with the first steps being across the threshold of their new home in Harford County Wednesday.
Baltimore Gas and Electric Co.'s parent said Wednesday that it has struck a $6.9 billion deal to acquire Pepco Holdings Inc., 17 years after BGE walked away from a protracted effort to buy its southern neighbor.
A Wells Fargo bank at the 500 block of Frederick Road was robbed Wednesday at 10:45 a.m., making it the fourth Wells Fargo bank to be robbed by the same man in the Baltimore area since March 24, according to information released by the Baltimore Federal Bureau of Investigation (FBI).
Maryland has allowed many of the very largest multi-state, multi-national corporations operating here to use a tax avoidance scheme resulting in the loss of hundreds of millions of dollars in state corporate taxes and, sadly, placing Maryland-only businesses at a distinct competitive disadvantage.
Havre de Grace City Councilman Joseph Smith announced he filed this week for the Democratic nomination for the Harford County Council's District F seat representing the Havre de Grace and Riverside areas.
Several downtown Towson businesses recently expressed interest in Baltimore County's Commercial Revitalization services, a program county officials say will help businesses keep up with a changing Towson landscape.