Items Tagged with 'Maryland'


  • Ocwen settles with Maryland, but settlement carries stiffer penalties than previous states

    Fined $500,000, must provide $273,500 to borrowers, and more
    In the last several months, Ocwen reached settlements with nearly every one of the 31 states that took regulatory actions against the nonbank last year over alleged escrow and other mortgage servicing issues. Ocwen continued that settlement streak this week, reaching a settlement with Maryland, but while many of the previous settlements carried similar terms, the Maryland settlement goes even further and carries stiffer penalties.
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  • Deutsche Bank reaches $95 million RMBS settlement with Maryland

    Settlement over crisis-era mortgage bonds is related to $7.2 billion DOJ agreement
    The state of Maryland announced last week that it reached a $95 million settlement with Deutsche Bank over claims that Deutsche Bank misled investors about its securitization and sale of residential mortgage-backed securities and collateralized debt obligations during the run-up to the financial crisis.
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  • Feds bust massive mortgage fraud scheme

    Leader sent to prison for almost 5 years, ordered to repay $2.5 million
    A former real estate agent will spend the next 57 months in prison after being convicted of conspiracy to commit wire fraud and aggravated identity theft, stemming from a massive residential mortgage fraud scheme that defrauded lenders, the Federal Housing Administration, Fannie Mae, and Freddie Mac of nearly $2.5 million.
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  • Maryland woman sent to prison for stealing from open houses

    Searched for expensive houses and posed as buyer
    According to local authorities, Sally Spaisman, 58, would search the Internet for expensive homes that were on the market, show up at the open houses pretending to be a buyer and use her free reign of the house to steal expensive jewelry from the owners.
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  • Top 5 cities where safety is not a question

    Number one shouldn't be a shocker
    Given our recent list of the top 10 most dangerous suburbs, now might be a good time to note which cities are pouring the most money into safety. One city recorded 30 fire personnel for every 10,000 residents.
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