Business, Family, Politics

Governor Hogan announces opening of Maryland Homeowner Assistance Fund

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday announced the launch of the $248 million Maryland Homeowner Assistance Fund, which will be administered by the Maryland Department of Housing and Community Development (DHCD) to support mortgage relief, home repairs, housing counseling, and legal services. “Across Maryland, there are homeowners who are struggling to keep up with their mortgage payments due to the …


Business, Family

Maryland foreclosure moratorium extended through June 30

BALTIMORE, MD—The Maryland Department of Labor’s Office of the Commissioner of Financial Regulation on Wednesday the extension of the moratorium on new residential foreclosures through June 30, 2021. The moratorium, originally established by the Governor’s executive order issued April 3, 2020 and continued through subsequent executive orders and regulatory guidance, was due to expire on May 3, 2021. The new …


Maryland’s Commissioner of Financial Regulation extends foreclosure moratorium through May 3

BALTIMORE, MD—The Maryland Department of Labor’s Office of the Commissioner of Financial Regulation on Monday announced the extension of the moratorium on new residential foreclosures through May 3, 2021. The moratorium, originally established by the Governor’s executive order issued April 3, 2020 and continued through subsequent executive orders and regulatory guidance, was due to expire on March 31, 2021. “While …

Olszewski highlights partnership with United Way for innovative eviction prevention program

BALTIMORE COUNTY, MD—In the latest effort to strengthen the safety net for families suffering economic losses as a result of the pandemic, Baltimore County and United Way of Central Maryland have partnered to help prevent evictions in vulnerable communities through the Strategic Targeted Eviction Prevention (STEP) pilot program. The first-of-its-kind effort in Maryland, Baltimore County’s STEP pilot program provided $4 …

Maryland foreclosure moratorium extended through March 31

BALTIMORE, MD—The Maryland Department of Labor’s Office of the Commissioner of Financial Regulation on Monday announced that the moratorium on new residential foreclosures has been extended through March 31, 2021. The moratorium, originally established by the Governor’s executive order issued April 3, 2020 and extended through subsequent executive orders and regulatory guidance, was due to expire on February 28, 2021. …

Maryland extends foreclosure moratorium through February

BALTIMORE, MD—The Maryland Department of Labor’s Office of the Commissioner of Financial Regulation on Thursday announced the extension of a moratorium on new residential foreclosures through February 28, 2021. The moratorium, originally established by the Governor’s executive order issued April 3, 2020 and continued through subsequent executive orders, was due to expire on January 31, 2021. “Thank you to the …

Attorney General Frosh announces $18 million settlement with RBS Financial Products

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh on Tuesday announced that the Securities Division has entered into an $18 million settlement with RBS Financial Products, Inc., a subsidiary of the Royal Bank of Scotland. The Consent Order resolves claims that RBS misled investors in its issuance and underwriting of financial crisis-era residential mortgage-backed securities (RMBS). “RBS issued and underwrote residential …

Maryland announces settlement with Nationstar Mortgage A.K.A. Mr. Cooper

BALTIMORE, MD—The Maryland Department of Labor’s Office of the Commissioner of Financial Regulation on Monday announced that it had concluded a multi-year investigation of one of the nation’s top ten largest mortgage servicing companies, Nationstar Mortgage LLC, which does business as Mr. Cooper. After a nationwide investigation revealed multiple violations of law and procedural deficiencies, Nationstar has cooperated and agreed …