Category Archives: Foreclosure Prevention

Clinton Homeowner Cited in Governor’s Speech Says She’s Happy to be an Ambassador for Foreclosure Prevention

FEBRUARY 2 Annapolis, MD – The O’Malley-Brown administration has counseled over 70,000 homeowners through the HOPE Counseling Network, achieving positive results in more than 92 percent of the cases completed. Jacqueline Mobio was one of those homeowners. Governor O’Malley on … Continue reading

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Secretary Skinner: Balanced Approach to Housing Protects Homeownership While Expanding Affordable Rental Housing

JANUARY 31 Baltimore – The demand for affordable rental housing in Maryland and across the country is steadily growing, fed by foreclosures, the fragile economy and an increasing number of families that see advantages to renting rather than owning, Secretary … Continue reading

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Senator Cardin Tells Homeowners at Foreclosure Prevention Workshop: “If You are in Financial Trouble, You are Not Alone”

JANUARY 30 Clinton, MD – More than 600 homeowners attended a foreclosure prevention workshop at the Mt. Ennon Baptist Church, as DHCD ramps-up its efforts to help financially beleaguered families protect their home in the still-troubled economy. “Foreclosures are devastating; … Continue reading

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Secretary Skinner and Secretary Sanchez Brief State Legislators on Maryland Foreclosure Task Force Findings

JANUARY 26 Annapolis, MD – Maryland can prepare for a possible upsurge in new foreclosures by adopting reforms that get foreclosed and vacant properties back on the tax roles as quickly as possible, Secretary Skinner said during testimony before state … Continue reading

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Maryland Foreclosures Continued to Plummet in 2011

JANUARY 20 Maryland foreclosures last year hit the lowest level since the collapse of the national housing market in 2007, according to year-end data from RealtyTrac, and the state ‘s foreclosure rate now ranks in the bottom tier in the country. See … Continue reading

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Task Force Recommendations: Earlier Mediation, More Modifications and Helping Homeowners Find a ‘Dignified Exit’

JANUARY 19 In response to the ever-evolving nature of Maryland’s foreclosure crisis, a task force is recommending a mixture of new legislation and industry best practices to help financially beleaguered homeowners either preserve their homes until they get back on … Continue reading

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Governor Praises Secretary Skinner for Foreclosure Prevention Efforts: “He’s Fighting for Every House as if It Was His Own”

JANUARY 12 Annapolis, MD – Governor O’Malley took time during his Rental Housing Works press conference today to praise Secretary Skinner’s stewardship of DHCD, noting that foreclosures in Maryland are down to the lowest level in “years and years and … Continue reading

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Wells Fargo to Offer Some Customers Loan Modifications After “Pick-a-Payment” Settlement, Attorney General Reports

JANUARY 5 Baltimore – Maryland’s Consumer Protection Division has entered into an agreement with Wells Fargo over the allegedly deceptive marketing of adjustable rate mortgages written by Wachovia and Golden West Financial –  companies that Wells Fargo acquired in 2008. … Continue reading

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Governor O’Malley Urges Homeowners in Financial Distress to Seek Foreclosure Prevention Counseling

DECEMBER 14 ANNAPOLIS, MD – Governor Martin O’Malley is encouraging homeowners who are behind on their mortgage to seek free help through Maryland’s HOPE initiative.  By visiting the MDHOPE website, or calling the MDHOPE hotline at (877) 462-7555, homeowners can … Continue reading

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The National Foreclosure Crisis is Far From Over, Center for Responsible Lending Predicts in New Study

NOVEMBER 18 Durham, N.C. – The country may not even be halfway through the foreclosure crisis that led to the collapse of the housing market in 2007, according to a new report from the Center for Responsible Lending, and millions … Continue reading

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