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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | October 7, 2011
A Severna Park mortgage broker pleaded guilty Friday in a mortgage fraud case that left lenders with more than $940,000 in losses, robbed homeowners of at least $1.2 million in home equity and pushed 16 homes into foreclosure, the Maryland U.S. attorney's office said. Mary Anne Dean, 60, pleaded guilty to conspiracy to commit wire fraud. Charles Donaldson, a loan officer described as her co-conspirator, pleaded guilty last week. The Maryland U.S. attorney's office said Donaldson, 57, recruited homeowners struggling with their mortgages for what he said would be a foreclosure rescue plan: They would sell their homes to investors, remain there as renters for a year or so and then buy the properties back after repairing their finances.
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BUSINESS
By Steve Kilar, The Baltimore Sun | April 30, 2013
A mortgage lender based in Utah has agreed to pay a Baltimore woman $13,000 for denying her a loan because she was pregnant and on maternity leave, the U.S. Department of Housing and Urban Development announced Tuesday. Primary Residential Mortgage Inc., based in Salt Lake City, also agreed to adopt a parental leave policy, to ensure its employees are complying with family status provisions of the Fair Housing Act, which prevents lending discrimination based on other applicant traits including sex, race and religion.
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NEWS
March 10, 1991
Jim Hunter has joined PaineWebber Mortgage Finance's Columbia officeas a builder loan officer.He will be servicing Baltimore, Carroll and Howard counties.A graduate of Towson State University, Hunter holds a bachelor ofscience degree in business administration with a concentration in finance.
EXPLORE
December 15, 2011
The Havre de Grace city government once again finds itself wrongly in the position of acting as loan officer, bank board of directors and financier in a business matter. The Havre de Grace city government once again finds itself wrongly in the position of acting as loan officer, bank board of directors and financier in a business matter. Last week, the city council, with two members abstaining, voted, 3-1, to loan $100,000 to Mary Martin Ltd., which is a shop on Washington Street that deals in antique postcards and related paraphernalia.
NEWS
By Elaine Tassy and Elaine Tassy,SUN STAFF | May 10, 1998
Vincent Anthony Hungerford, a loan officer by day and sometime rock-'n'-roll singer by night, died in a fire May 3 in his Charles Village apartment. The former Charles County resident was 34.Battalion Chief Hector L. Torres, a spokesman for the Baltimore Fire Department, said investigators have determined the fire started in the living room of Mr. Hungerford's home, in the 2700 block of St. Paul St. The cause of the blaze had not been officially determined.Mr....
BUSINESS
October 5, 2003
The Maryland Mortgage Bankers Association will hold a Loan Officer University next month for area mortgage professionals. The three-day event is scheduled from 8 a.m. to 5 p.m. Nov. 12, 13 and 14 at Turf Valley Resort & Country Club, 2700 Turf Valley Road in Ellicott City. The event is $299 for members and $399 for everyone else. Information: Call 410-312-4090 or log on to www.mdmba.org.
NEWS
July 2, 2002
David R. Replogle, a loan officer for a Westminster bank who enjoyed entertaining family and friends, was killed Friday in an automobile accident in Finksburg. He was 39. Mr. Replogle's Toyota Camry was hit by a Coach Express bus while stopped at a traffic signal on Route 140 in Finksburg. He died at the scene. Mr. Replogle, who was a loan officer for United Home Savings in Westminster, lived in Owings Mills with his wife of a year, the former Kristen M. Carlson, who is expecting the couple's first child in December.
NEWS
BY A SUN STAFF WRITER | February 20, 1997
The Baltimore Community Development Finance Corp. formally took title yesterday to a vacant lot at 5426 Clover Road in Northwest Baltimore that had been owned by a former loan officer of the quasi-public agency.The property near Pimlico Race Course went on the auction block yesterday, but no bidders showed up. CDFC vice president Wayne R. Frazier said his agency has not decided whether to sell the lot or build a house on it and then offer it for sale.The property was purchased two years ago by Deborah Bass, then a CDFC loan officer.
NEWS
April 3, 2007
William Timothy Kenney, a retired loan officer and decorated World War II veteran, died of complications from diabetes Wednesday at Stella Maris Hospice in Timonium. The former longtime Towson resident was 87. Mr. Kenney was born in Baltimore and raised in Catonsville. He was a 1938 graduate of Loyola High School and attended Loyola College. During World War II, Mr. Kenney enlisted in the Army and served as a combat medic with Gen. George S. Patton Jr.'s 3rd Army in Europe. Mr. Kenney's decorations included the Bronze Star and two Purple Hearts.
NEWS
March 28, 2003
Dorothy A. Bendermeyer, a Baltimore resident for nearly all of her life and a retired savings and loan officer, died Monday of complications from dementia at a hospice in Buffalo, N.Y. She was 88. Born and raised in the city, Dorothy Rehbein was a 1931 graduate of Western High School. She worked for Monumental Life Insurance Co., and later at Traders Savings and Loan Association, where she retired in the early 1960s as an assistant secretary and treasurer. She was married for 27 years to John F. Bendermeyer, a city police sergeant who died in 1968.
EXPLORE
November 24, 2011
James (Jim) H. Durfee , of Office Movers, Inc., in Elkridge, has been elected president of the Office Moving Alliance at its 2011 Annual Meeting, held Oct. 24-27, in Phoenix. Durfee will serve a two-year term at OMA, an international trade organization that boasts member revenues in excess of $780 million. Durfee will serve as President of OMA in addition to his regular position at Office Movers Inc. Ron Mason , chief operating officer, and chief executive officer Jerry Rader , both of Corridor Mortgage Group, presented a check for $7,500 to Special Olympics Howard County director Bob Baker . Corridor raised the money through a golf tournament held in October.
NEWS
By Jamie Smith Hopkins, The Baltimore Sun | November 9, 2011
State regulators said Wednesday that they have ordered a large mortgage broker to stop making loans to Marylanders after federal investigators alleged the company had violated lending rules. The U.S. Department of Housing and Urban Development announced last week that it was no longer allowing Allied Home Mortgage Corp. to originate loans insured by the Federal Housing Administration because it said the company had played "fast and loose with FHA's standards. " The Justice Department is alleging mortgage fraud in a lawsuit against Allied.
EXPLORE
October 24, 2011
In October, APG Federal Credit Union honored Margaret Combs, assistant vice president, I.T. project management, with an award presentation for 35 years of dedicated service to the credit union. Combs leads project teams engaged in business process engineering, design/engineering of project specifications and the execution of strategic projects. She also works with cross-functional colleagues in the ongoing design and implementation of APGFCU business applications. In 1976,Combs began her career at APGFCU as a mail and phone savings teller.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | October 7, 2011
A Severna Park mortgage broker pleaded guilty Friday in a mortgage fraud case that left lenders with more than $940,000 in losses, robbed homeowners of at least $1.2 million in home equity and pushed 16 homes into foreclosure, the Maryland U.S. attorney's office said. Mary Anne Dean, 60, pleaded guilty to conspiracy to commit wire fraud. Charles Donaldson, a loan officer described as her co-conspirator, pleaded guilty last week. The Maryland U.S. attorney's office said Donaldson, 57, recruited homeowners struggling with their mortgages for what he said would be a foreclosure rescue plan: They would sell their homes to investors, remain there as renters for a year or so and then buy the properties back after repairing their finances.
BUSINESS
Jay Hancock | August 6, 2011
Back when bankers knew customers personally, they would engage in a quaint bit of business known as "character lending. " Clients known for integrity and good faith could borrow even if they were down on their luck or lacking the usual collateral. Fair dealing and diligence made them good risks even though the numbers might not be everything a loan officer would have liked. Conversely, the starch-collared banker would eye some customers askance even if they possessed large incomes and massive trust funds.
BUSINESS
By ILYCE GLINK | May 2, 2008
A new study suggests that one of the reasons many subprime loans have failed is very weak underwriting. Underwriting is the process by which a lender decides whether a borrower is a good risk. It involves looking carefully at the paperwork provided by the borrower, including a signed loan application, bank account statements, paycheck stubs, tax returns, profit and loss statements (if the borrower is self-employed) and a review of the appraisal of the property obtained by the bank. Underwriting also includes "verifications."
NEWS
By JACQUES KELLY and JACQUES KELLY,SUN REPORTER | July 27, 2006
William Francis Gray and Carlyn Daue Gray, Towson residents who had been married for nearly 60 years, died from illnesses within 36 hours of each other at different area nursing facilities, separated for the only time since their marriage in 1946. Mr. Gray, 84, a retired credit officer, died of cancer Saturday evening at the Brightwood nursing home in Lutherville. Mrs. Gray, 81, who had been a First National Bank loan officer, died of kidney disease Monday at Stella Maris Hospice in Timonium.
NEWS
By John B. O'Donnell and John B. O'Donnell,SUN STAFF | January 3, 2003
A former mortgage loan officer at First Mariner Bank pleaded guilty yesterday in federal court to her role in a major property flipping scheme, acknowledging that she was responsible for losses on government-backed mortgages totaling as much as $500,000. Patricia Ann Robinson of Joppa, who had been scheduled for trial later this month, pleaded guilty in U.S. District Court in Baltimore to a single fraud count. She admitted submitting falsified documents to First Mariner and to the U.S. Department of Housing and Urban Development to obtain government-backed loans for homebuyers who would not otherwise have qualified for the mortgages.
NEWS
By Marcia Cephus | May 20, 2007
City of Annapolis plans symposium The city of Annapolis will hold its second annual Small and Minority Business Enterprise Symposium from 8 a.m. to 2 p.m. Thursday at the Governor Calvert House, 58 State Circle, Annapolis. Lt. Gov. Anthony G. Brown will be the keynote speaker. Reservations are required. The cost is $25, payable by check to SMBE-City of Annapolis and mailed to 160 Duke of Gloucester St., Annapolis, 21401. Information: 410-263-7940. Workshop to focus on business plans SCORE Chapter 390 will hold a workshop, "Let's Prepare a Business Plan," from 8:45 a.m. to 2 p.m. Thursday at the Big Vanilla Athletic Club's community meeting room, 1209 Ritchie Highway, Arnold.
NEWS
April 3, 2007
William Timothy Kenney, a retired loan officer and decorated World War II veteran, died of complications from diabetes Wednesday at Stella Maris Hospice in Timonium. The former longtime Towson resident was 87. Mr. Kenney was born in Baltimore and raised in Catonsville. He was a 1938 graduate of Loyola High School and attended Loyola College. During World War II, Mr. Kenney enlisted in the Army and served as a combat medic with Gen. George S. Patton Jr.'s 3rd Army in Europe. Mr. Kenney's decorations included the Bronze Star and two Purple Hearts.
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