Month: February 2012

Maryland’s Distressed Homeowners to Receive $960 Million in Mortgage Settlement

Maryland Attorney General Douglas F. Gansler announced last Thursday that his office, together with the Federal government, has entered into a $960 million mortgage servicing settlement with the nation’s five largest mortgage servicers. Specifically, the mortgage servicing settlement was entered into by the Maryland Office of the Attorney General, Department of Labor, Licensing, and Regulation’s …

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Be Your Child’s Mortgage Lender

Even as home prices and mortgage rates are exceptionally low, most of  today’s young adults cannot own a home due to tighten lending standards. With these tighten lending standards, parents of today’s young adults can act as their children’s mortgage lenders. The National Association of Realtors reported that in 2011 alone, one in three first-time …

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