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NEWS
By Yvonne Wenger, The Baltimore Sun | January 10, 2012
Occupy Baltimore protesters set a new scene Tuesday for their stand against corporate greed and social injustice: a red-brick rowhouse in Union Square where a 65-year-old widow has made her home for nearly six years. As many as 100 protesters gathered outside Lila Kara's house, where faded American flags occupy a curbside flower bed, to block the Baltimore City Sheriff's Office from evicting the Bulgarian immigrant — at least for a day. The action is an evolution of Baltimore's version of the three-month-old national movement, when protesters camped at McKeldin Square.
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BUSINESS
By Steve Kilar, The Baltimore Sun | November 27, 2012
News that Citigroup is foreclosing on developer Patrick Turner's Westport Waterfront property did not alarm Keisha Allen, the leader of the Westport Neighborhood Association. "To the average person, it looks like everything in Westport is tied up with Pat Turner," Allen said Tuesday. But, she said, "the waterfront is the icing on the cake of development that's happening here. " Financial troubles for Turner's massive mixed-use development along the western shore of the Middle Branch of the Patapsco river have been simmering for months, culminating with Citigroup Global Markets Realty Corp.
BUSINESS
Jamie Smith Hopkins | April 19, 2012
More than 100,000 Maryland children whose families got mortgages in the middle part of the last decade have lost their family home to foreclosure or were dangerously close to it as of last year, according to a new report . That's one out of every 11 children in the state, which ties Maryland for the sixth-highest share nationwide. The study, from the child-centered group First Focus in Washington, looked at the swath foreclosure has cut through families across the country.
NEWS
By New York Times News Service | November 18, 2007
LAS VEGAS -- In the foreclosure crisis of 2007, thousands of American families are losing their homes without ever missing a payment. They are renters in houses whose owners default on their mortgages - a large but little-noticed class of casualties. Some live in big apartments, others in houses owned by small investors who got in over their heads. There are no exact figures for how many renters have been evicted because of foreclosures, but a survey taken earlier this year by the Mortgage Bankers Association found that one in eight foreclosures was non-owner-occupied.
BUSINESS
By Jamie Smith Hopkins and Jamie Smith Hopkins,Sun reporter | September 26, 2006
Vicki Randles, saddled with debt from breast cancer treatment and in danger of losing her Middle River home, thought she had signed a contract for a loan to get herself back on track. Instead, she'd signed away her home. State regulators stepped in and managed what she thought would be impossible: They helped her get it back from the "foreclosure consultants" who had tricked her. Randles, 48, just received notice that her name is again on the deed after a yearlong ordeal. But many people in similar situations have not been so fortunate.
BUSINESS
Jamie Smith Hopkins | March 12, 2012
The home next door is an empty foreclosure, the former owner long gone. But when you look up the property online , it's still in the ex-owner's name. And when you check the online court docket , you can't even tell which company foreclosed because the listed plaintiffs are the attorneys at a local law firm that specializes in foreclosure cases. Whom do you call if the house is falling apart? A task force made up of financial industry players and homeowner advocates suggested a foreclosure registry -- specifying who purchased the home at auction, who is responsible for maintenance and the name, telephone number and address of both parties.
NEWS
By Christopher Hayes | November 15, 2007
Unlike most hearings on the Hill, last week's meeting of the Joint Economic Committee actually got more interesting the longer it went on. While the first half-hour featured Federal Reserve Chairman Ben Bernanke offering his modest, softly downbeat but not panicked predictions about how the unfolding subprime mess would affect the broader economy, the last hour provided an opportunity to hear committee members give their own, often eccentric, diagnoses and...
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | January 18, 2012
A state task force is recommending a raft of changes to give Maryland homeowners a better shot at avoiding foreclosure and — when foreclosures do happen — to give neighborhoods a greater chance at recovering. The suggestions, presented Wednesday to a House committee, range from voluntary mediation before a foreclosure case is filed to tax incentives for homeowners who purchase a foreclosure. Some, including those two examples, would require legislation. But many of the recommendations are intended to be just that — recommendations.
BUSINESS
By Steve Kilar, The Baltimore Sun | September 14, 2012
A Baltimore man pleaded guilty in federal court Friday to conspiracy to commit wire fraud because he and others secured mortgages for six homes in Upper Fells Point with fraudulent information, prosecutors announced. Kenneth Koehler, 42, and his co-conspirators caused losses of more than $1 million to mortgage lenders because all six homes they purchased subsequently went into foreclosure, according to a statement from the Maryland U.S. Attorney's Office. Four of the homes were on South Chapel Street, one home was in the 200 block of South Castle Street and another was in the 2200 block of Gough Street, according to Koehler's plea agreement.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | June 1, 2011
U.S. Rep. Elijah E. Cummings is asking the agency overseeing Fannie Mae why the mortgage financier is letting an embattled law firm handle its Maryland foreclosures despite problems documented by sister company Freddie Mac. The Baltimore Democrat — in a letter to the Federal Housing Finance Agency late Wednesday — says information the regulator provided him in May about the Shapiro & Burson law firm "reveals a much more egregious level of abuse...
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