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Foreclosure rule could change Tuesday
A proposal to give Maryland’s judges greater latitude to dismiss foreclosure actions is in the works, and could be adopted as early as Tuesday. The proposed rule, which must first […]
Consequences of foreclosure can be lasting
The mortgage mess has now evolved into the foreclosure mess. With Bank of America and other major lenders re-examining the apparently faulty paperwork done in foreclosing on thousands of homes, […]
Banks seize 288K homes in Q3, but challenges await
LOS ANGELES — Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may […]
Host Hotels & Resorts 3rd-quarter FFO improves
BETHESDA — Host Hotels & Resorts Inc.’s third-quarter funds from operations improved as its room and food and beverage revenue increased. The lodging real estate investment trust said Wednesday that […]
Calls for a short moratorium in housing market
As calls for a moratorium on foreclosures and sales of foreclosed homes continue to grow, so do the calls for it to be as short as possible to avoid hindering […]
40 states plan foreclosure investigation
Pressure on banks and processing firms to suspend foreclosures over concerns of paperwork errors continues to mount as a group of as many as 40 state attorneys general — including […]
Foreclosure freeze could undermine housing market
NEW YORK — Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a resort near […]
BofA halts foreclosure sales in 50 states
WASHINGTON — Bank of America Corp., the nation’s largest bank and the largest bank in Maryland, said Friday it would stop sales of foreclosed homes in all 50 states as […]
Foreign money pouring into U.S. real estate
The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush […]
Experts will assess recession’s impact in Md.
Some 600 housing experts and elected officials will analyze the impact of the recession on Maryland’s housing market and the outlook for recovery at a daylong conference Tuesday. The annual […]
Little foreclosure fallout expected in Md.
The decision by one of the largest mortgage servicers in the country to temporarily halt foreclosures could have little impact in Maryland. JPMorgan Chase said Wednesday that it had temporarily […]
Lagging home sales look as bad as 2009
WASHINGTON — This year’s home sales are shaping up to be as dismal as last year, despite cheap home prices and mortgage rates that have fallen to the lowest levels […]
