Mortgage

Mortgage

AG Gansler: Mortgage Settlement Relief Exceeds $550 Million So Far

Baltimore, MD - November 19, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that distressed Maryland homeowners have received more than $550 million in relief from the National Mortgage Settlement as of September 30. The second quarterly report on the progress of the settlement was issued by the court-appointed Monitor of the National Mortgage Settlement. It shows 6,933 Maryland homeowners have received assistance from the settlement from March 1 through September 30

AG Gansler: Mortgage Settlement Provides More Than $220 Million in Relief So Far

Baltimore, MD - August 28, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that distressed Maryland homeowners have received more than $220 million in relief from the National Mortgage Settlement as of the end of June. Figures from the initial progress report issued by the court-appointed Monitor of the National Mortgage Settlement show that 2,825 Maryland homeowners have received $224,413,625 in assistance from March 1 through June 30, 2012. Maryland's share of the $25 billion National Mortgage Settlement has been estimated at nearly $1 billion.

AG Gansler Hosts Two Prince George’s County Mortgage Settlement Workshops

Baltimore, MD - May 24, 2012 - (RealEstateRama) -- In the ongoing effort to help distressed Maryland homeowners get the relief and assistance that may be available under the recent Mortgage Servicing Settlement, Maryland Attorney General Douglas F. Gansler will host two mortgage settlement informational workshops this week in Prince George's County

Attorney General Doug Gansler Secures Nearly $1 Billion For Victims of Mortgage Crisis

Baltimore, MD - February 13, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler today announced a settlement with the nation's five largest mortgage servicers, bringing a projected $960 million in monetary benefits and relief to distressed Maryland homeowners. This is the largest joint state-federal settlement in our nation's history and it will help thousands of Marylanders stay in their homes through enhanced loan modifications and other services. It also requires comprehensive reform of mortgage loan servicing standards.

Statement from Governor Martin O’Malley on Nearly $1 Billion Mortgage Settlement for Maryland Homeowners

ANNAPOLIS, MD - February 13, 2012 - (RealEstateRama) -- Governor Martin O’Malley today issued the following statement on the announcement of a nearly $1 billion settlement for Maryland homeowners facing foreclosure:

AG Gansler: Wells Fargo Settles Over “Pick-a-Payment” Mortgages

BALTIMORE, MD - January 5, 2012 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that his Consumer Protection Division has entered into an agreement with Wells Fargo over the allegedly deceptive marketing of adjustable rate mortgages written by Wachovia and Golden West Financial, companies that Wells Fargo acquired in 2008. In addition to loan modifications for certain consumers, Wells Fargo has agreed to pay $940,056 to the Office of the Attorney General for restitution to "Pick-a-Payment" borrowers who lost their homes in foreclosure.

CARDIN MEETS WITH MARYLAND HOUSING OFFICIALS TO DISCUSS FORECLOSURE CRISIS

CROWNSVILLE, MD - October 31, 2011 - (RealEstateRama) -- U.S. Senator Ben Cardin (D-MD) today met with officials of the Maryland Department of Housing and Community Development (DHCD) and statewide housing advocates to discuss the continuing foreclosure crisis and to discuss ways to get the Maryland housing market back on track. President Obama recently announced that his Administration would adjust the Home Affordable Refinance Program (HARP) to make it easier for borrowers to refinance their mortgages.

Attorney General Douglas F. Gansler Warns Landowners: Before Signing a Mineral Rights Lease, Check...

BALTIMORE, MD - October 20, 2011 - (RealEstateRama) -- Attorney General Douglas F. Gansler is warning landowners that signing a mineral rights lease could conflict with some requirements of their federally-approved home or farm mortgage. To ensure their homes and farms remain safe from legal entanglements, landowners should always check with their bank or mortgage lender before entering into a mineral rights lease.

Leggett Urges Homeowners to Attend One-on-One Foreclosure Prevention Counseling Event; County and City of...

September 27, 2011 - (RealEstateRama) -- County Executive Isiah Leggett today joined Richard Nelson, director of the County’s Department of Housing and Community Affairs, and local homeowners to urge residents who are falling behind in their mortgage payments or who are facing foreclosure to attend a free one-on-one foreclosure prevention counseling event on Saturday, October 1 in Gaithersburg. Co-sponsored by the City of Gaithersburg and the County’s Housing Fair Planning Committee, the event is scheduled from 10 a.m. to 3 p.m. at the Bohrer Park Activity Center, located at Summit Hall Farm, 506 S. Frederick Avenue.

Montgomery County Homeowners Invited to One-on-One Foreclosure Prevention Counseling

September 12, 2011 - (RealEstateRama) -- The Montgomery County Department of Housing and Community Affairs (DHCA), in partnership with the Montgomery County Housing Fair Planning Committee and the City of Gaithersburg, invites all county homeowners who are falling behind in their mortgage payments or are facing foreclosure to attend a free foreclosure prevention counseling event on Saturday, October 1, from 10 a.m. to 3 p.m., at the Bohrer Park Activity Center, Summit Hall Farm, 506 S. Frederick Avenue, Gaithersburg.

Maryland Regulator Testifies on Mortgage Origination on Behalf of CSBS

Washington, D.C. - July 14, 2011 - (RealEstateRama) -- Anne Balcer Norton, Deputy Commissioner of the Maryland Office of the Commissioner of Financial Regulation, testified on behalf of the Conference of State Bank Supervisors (CSBS) before the Insurance, Housing and Community Opportunity Subcommittee of the House Financial Services Committee on mortgage origination today. Norton detailed efforts by state regulators to improve and enhance mortgage regulation to better protect consumers and to strengthen the mortgage market itself, but also to ensure a diverse mortgage industry which supports a variety of business models.

Governor Martin O’Malley and Lt. Governor Anthony G. Brown Highlight Foreclosure Prevention in Maryland

ANNAPOLIS, MD - May 10, 2011 - (RealEstateRama) -- Governor Martin O’Malley and Lt. Governor Anthony G. Brown today joined members of the Administration, community leaders and local elected officials at the home of Prince George’s County resident Fanny Melvin to encourage homeowners at risk of losing their homes to take advantage of foreclosure prevention programs in Maryland, including the Emergency Mortgage Assistance Program (EMA), the MDHOPE Network and available counseling services throughout the state.

CARDIN INTRODUCES BILL TO REDUCE EXCESSIVE INTEREST PAYMENTS ON FHA-BACKED HOME MORTGAGES

WASHINGTON, DC - March 8, 2011 - (RealEstateRama) -- U.S. Senator Ben Cardin (D-MD) has introduced legislation that would prohibit banks and other lenders from charging interest payments through the end of the month on loans that have been paid off earlier. Currently, Federal Housing Administration (FHA) regulations allow lenders to collect interest from homeowners through the end of the month, even if the homeowner has paid off the loan earlier in the month.

Maryland Man Pleads Guilty in Mortgage Fraud Scheme

WASHINGTON, DC - March 8, 2011 - (RealEstateRama) -- Noah Black, 42, of Hyattsville, Md., pled guilty today to federal charges of wire fraud and aggravated identity theft in connection with a mortgage fraud scheme, announced U.S. Attorney Ronald C. Machen Jr., James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office, and David Beach, Special Agent in Charge, Washington Field Office, U.S. Secret Service.

Attorney General Gansler, Governor O’Malley, Congressman Cummings Call on Mortgage Companies to Halt Foreclosures...

BALTIMORE, MD - October 5, 2010 - (RealEstateRama) -- In light of recent developments concerning faulty affidavits filed in foreclosure cases, Attorney General Douglas F. Gansler, Governor Martin O’Malley, and Congressman Elijah Cummings today called on the major mortgage companies to halt foreclosure proceedings in Maryland while the companies thoroughly review the manner in which affidavits are prepared, reviewed and signed, and the sufficiency of the process employed to verify elements of default leading to a foreclosure.

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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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Cardin Statement on Deadline Extension for GSA to Report to Congress...

U.S. Senator Ben Cardin (D-Md.), ranking member of the Environment and Public Works (EPW) Transportation and Infrastructure Subcommittee, released the following statement in response to the letter from U.S. Senator John Barrasso (R-WY), chairman of the Senate EPW Committee, and Senator Tom Carper (D-DE), ranking member of the EPW Committee, to General Services Administration (GSA) Public Building Service Commissioner Dan Matthews regarding the Federal Bureau of Investigation (FBI) headquarters.