Mortgage Archives - Page 2 of 6

Attorney General Brown announces $10 million multistate settlement with ACI Worldwide over attempted unauthorized withdrawals from consumer accounts

Posted on October 20, 2023 by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Anthony Brown has joined a coalition of 49 Attorneys General announcing a $10 million settlement with payment processor ACI Worldwide over a 2021 testing error that led to the attempted unauthorized withdrawal of $2.3 billion from the accounts of mortgage-holders. The settlement includes injunctive relief designed to prevent a similar incident in the future. ACI Payments, […]

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Baltimore named worst real estate market in U.S., WalletHub study [VIDEO]

Posted on August 22, 2023 by Chris Montcalmo

BALTIMORE, MD—With home values up around 1.0% in the past year and mortgage rates having continued to increase, the personal-finance website WalletHub this week released its report on 2023’s Best Real-Estate Markets. To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 17 key metrics. Baltimore came in last place at No. 300 on the […]

Attorney General Frosh announces settlement with Caliber Homes

Posted on December 22, 2022 by Chris Montcalmo

BALTIMORE, MD – Maryland Attorney General Brian E. Frosh this week announced that the Consumer Protection Division has reached a settlement with mortgage lender Caliber Homes, Inc. concerning its advertising practices. Caliber was accused of sending mailers to approximately 220,000 Maryland consumers between May 2019 through March 2021 that deceptively displayed on the mailer’s envelope the name and address of […]

Baltimore County business owner sentenced to prison for fraudulently obtaining federally insured loans

Posted on September 17, 2022 by Chris Montcalmo

BALTIMORE, MD—A Baltimore County business owner has been sentenced to federal prison for fraudulently obtaining federally insured loans to sell two Baltimore properties he owned. U.S. District Judge Richard D. Bennett sentenced Philip Abramowitz, 50, of Pikesville, to one year in federal prison and one year of home detention, followed by three years of supervised release, for a wire fraud […]

Governor Hogan announces expansion of SmartBuy initiative to help more Maryland homebuyers

Posted on August 16, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced that the Maryland Department of Housing and Community Development (DHCD) has expanded the state’s landmark SmartBuy initiative to address rising housing market prices. To help manage purchase costs, homebuyers can now eliminate up to $50,000 in student loan debt—up from $30,000. The program has also added an additional down payment and closing cost […]

Baltimore City State’s Attorney Marilyn Mosby indicted on charges of perjury, falsifying mortgage application

Posted on January 14, 2022 by Chris Montcalmo

BALTIMORE, MD—A federal grand jury on Thursday returned an indictment charging Baltimore City State’s Attorney Marilyn J. Mosby, 41, on federal charges of perjury and making false mortgage applications, relating to the purchases of two vacation homes in Florida. The defendant will have an initial appearance in U.S. District Court in Baltimore, but the hearing has not yet been scheduled. […]

Governor Hogan announces opening of Maryland Homeowner Assistance Fund

Posted on January 5, 2022 by Chris Montcalmo

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 […]

Maryland foreclosure moratorium extended through June 30

Posted on April 28, 2021 by Chris Montcalmo

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 […]

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