Mortgage Archives - Page 3 of 6

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

Posted on March 29, 2021 by Chris Montcalmo

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

Posted on February 23, 2021 by Chris Montcalmo

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

Posted on February 22, 2021 by Chris Montcalmo

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

Posted on January 28, 2021 by Chris Montcalmo

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

Posted on December 22, 2020 by Chris Montcalmo

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

Posted on December 7, 2020 by Chris Montcalmo

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 […]

SCAM ALERT: Attorney General says phony mortgage company reps targeting Maryland residents

Posted on September 21, 2020 by Chris Montcalmo

BALTIMORE, MD—The Office of the Attorney General on Monday warned of a new scam circulating throughout Maryland. “The Office of the Attorney General has recently been notified of scams involving individuals impersonating mortgage companies. Some of these scammers are calling existing customers of a mortgage company, claiming to be representatives of that company, and offering the customer a loan modification. […]

Attorney General Frosh announces $20 million settlement with Wells Fargo

Posted on June 16, 2020 by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh announced on Tuesday that the Securities Division entered into a $20 million settlement with Wells Fargo & Company. The Consent Order resolves financial crisis-era claims that Wells Fargo misled investors in its issuance of residential mortgage-backed securities (RMBS). The $20 million settlement is the largest reached by a state for Wells Fargo’s financial-crisis […]

Tag: Mortgage