Mortgage

Mortgage

AG Gansler Urges Congress to Extend Tax Relief for Struggling Homeowners

Baltimore, MD - December 19, 2013 - (RealEstateRama) -- Attorney General Douglas F. Gansler, joined by 42 state and territorial attorneys general, today urged Congress to extend the Mortgage Forgiveness Tax Relief Act through at least 2014, in order to continue helping financially strapped homeowners. The Act expires on December 31 at a time when the housing market, while still fragile, has shown signs of gradual improvement over the past year

AG Gansler Settles Charges Against Maryland Firm Offering Mortgage Assistance Relief Services

Baltimore, MD - December 16, 2013 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that his office's Consumer Protection Division reached a settlement agreement with Direct Financial Association, Inc., trading as Direct Financial Services, its owner, Cecilia Anh Minh Nguyen, and her husband, Michael Barnett. The settlement resolves allegations that Direct Financial Services, which used a mailing address in Owings Mills, Nguyen and Barnett violated the Maryland Consumer Protection Act by exaggerating their ability to provide foreclosure prevention and loan modification services to consumers in financial distress.

Maryland Mortgage Program Offers Special Interest Rate for Homes Purchased in Maryland’s Targeted Areas

CROWNSVILLE, MD - June 6, 2013 - (RealEstateRama) -- The Maryland Department of Housing and Community Development (DHCD) announced yesterday that the Maryland Mortgage Program is offering reduced interest rates in Targeted Areas around the State. The promotion, in recognition of June as National Homeownership Month, was announced by Division of Development Finance Deputy Director William Ariano at a free educational event co-sponsored by the Maryland Mortgage Bankers Association at Scossa Restaurant and Lounge in Easton (Talbot County). Deputy Director Ariano also provided a message from DHCD Secretary Raymond A. Skinner celebrating National Homeownership Month

AG Gansler Announces More than 10,000 Maryland Borrowers to Receive $1,480 Checks Through National...

Baltimore, MD - June 6, 2013 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that more than 10,000 Maryland borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement will receive a check this month for approximately $1,480. The settlement administrator, Rust Consulting, will mail the checks between June 10 and June 17

AG Gansler’s Mortgage Servicing Settlement Exceeds $1.3 Billion in Direct Relief; Checks to Eligible...

Baltimore, MD - May 21, 2013 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that 16,627 Maryland families have received more than $1.3 billion in relief from the National Mortgage Settlement during the period of March 1, 2012 through March 31, 2013. This represents approximately $400 million more in relief and assistance for distressed homeowners than was originally estimated. This latest report does not include the one-time, no-strings-attached cash payments to eligible borrowers who lost their homes to foreclosure. Eligible Marylanders should begin receiving checks next month; they are expected to exceed the $840 minimum, although an exact amount is not yet known

Cummings Introduces Bill to Create “Independent Monitor” to Oversee Settlement for Illegal Foreclosures and...

Washington, D.C. - April 25, 2013 - (RealEstateRama) -- Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, announced the introduction of H.R. 1706, The Mortgage Settlement Monitoring Act of 2013, to create an Independent Monitor to oversee the distribution of funds paid by mortgage servicers for illegal foreclosures and other abuses against homeowners under their settlement agreement with federal regulators.

Rep. Cummings, Sen. Warren to OCC and Federal Reserve: Illegal Foreclosures are Not ‘Corporate...

Washington, DC - April 11, 2013 - (RealEstateRama) -- Today, Senator Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Elijah E. Cummings, as the top Democrat on the House Committee on Oversight and Government Reform, sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry challenging the decision by agency staff not to provide any documents in response to a request from the Members of Congress seeking documents relating to violations of federal and state law by mortgage servicing companies.

Letter Challenges Decision to Withhold Documents from Congress on

Washington, DC - April 11, 2013 - (RealEstateRama) -- Today, Senator Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry challenging the decision by agency staff not to provide any documents in response to a request from the Members of Congress seeking documents relating to violations of federal and state law by mortgage servicing companies

Homebuyers and Renters Invited to “Come Home to Howard County”

Columbia, MD - March 28, 2013 - (RealEstateRama) -- Maryland’s largest housing fair returns! The 7th Annual Come Home to Howard County Housing Fair is Saturday, April 13 from 10 a.m. to 2 p.m. at Long Reach High School, 6101 Old Dobbin Lane, in Columbia, Maryland. Admission is free and over 1,000 participants are expected to attend

Banks Ignore Homeowner Complaints; New IG Report Faults FHFA Leadership

Washington, D.C. - March 21, 2013 - (RealEstateRama) -- Today, Congressman Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released a new report issued by the Inspector General of the Federal Housing Finance Agency (FHFA) warning that mortgage companies that service loans backed by Freddie Mac “have largely failed to implement” requirements to resolve “escalated cases” of serious homeowner complaints alleging abuses such as improper foreclosures and fraudulent servicing practices.

AG Gansler: Mortgage Settlement Relief Exceeds $1.1 Billion, Surpassing Original Estimates

Baltimore, MD - February 21, 2013 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that distressed Maryland homeowners have received more than $1.1 billion in relief from the National Mortgage Settlement as of December 31, exceeding the projection that Marylanders were expected to receive. The third quarterly progress report, issued by the court-appointed Monitor of the National Mortgage Settlement, shows 14,217 Maryland homeowners have received assistance from the settlement from March 1 through December 31.

Rep. Cummings, Sen. Warren Launch Joint Investigation of Settlement Ending Independent Foreclosure Review Process

Washington, D.C. - January 31, 2013 - (RealEstateRama) -- Today, Senator Elizabeth Warren (D-MA) and Rep. Elijah E. Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry seeking documents relating to their recent settlement with mortgage servicers that ended the Independent Foreclosure Review (IFR) process.

Montgomery County Man Sentenced to Prison in Mortgage Fraud Conspiracy

GREENBELT, MD - January 15, 2012 - (RealEstateRama) -- U.S. District Judge Peter J. Messitte sentenced Dennis O. Edwards, age 49, of Silver Spring, Maryland, today to 21 months in prison, followed by three years of supervised release, for conspiracy to commit bank fraud in connection with a scheme in which he submitted fraudulent loan applications to obtain over $2.241 million to purchase or refinance homes. Judge Messitte also ordered Edwards to pay restitution of $625,000

Six Defendants Indicted in $4.5 Million Mortgage Fraud Scheme

BALTIMORE - January 14, 2012 - (RealEstateRama) -- A federal grand jury has indicted six defendants for conspiracy in a $4.5 million mortgage fraud scheme

Attorney General Gansler and Maryland DHCD Award $7.6 Million to Provide Greater Legal Aid...

Baltimore, MD - January 11, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler and the Maryland Department of Housing and Community Development (DHCD) today awarded six nonprofit legal aid and assistance organizations more than $7.6 million to expand programs that help homeowners and renters harmed by the nationwide housing crisis

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Federal, State and Local Housing Officials Celebrate Opening of Senior Rental...

Montgomery County Executive Isiah Leggett today took part in the ribbon cutting ceremony for The Bonifant at Silver Spring, a mixed-income 11-story apartment building with 149 units for seniors age 62 or older

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EPA Backs Maryland Plan to Improve Water Quality

The U.S. Environmental Protection Agency today announced it has approved and helped fund a $303 million plan by Maryland to implement 36 clean water projects, including a series of major improvements to control stormwater and enhance wastewater infrastructure in Baltimore