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governor o’malley

Maryland Governor O’malley to Testify on Foreclosure Mediation

by Moe Bedard

Gov. Martin O’Malley will put the force of his office today behind a plan that would enable struggling homeowners to negotiate better mortgage terms before banks can take their houses.

The governor is scheduled to testify before Maryland House and Senate committees on legislationthat would create a mandatory mediation process

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Emergency, we have another subprime vicitim that needs emergency “triage” care

by Moe Bedard

Gov. Martin O’Malley and mortgage industry representatives met yesterday to create a process for loan “triage” in Maryland by which homeowners at risk of foreclosure could be connected with lenders willing to refinance.
Eight loan servicers attended the event, including Baltimore-based CitiFinancial and Ocwen Loan Servicing. State regulators targeted Ocwen for an examination after receiving several [...]

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No Responses to Governor’s Call For Foreclosure Summit

by Moe Bedard

Gov. Martin O’Malley has called for an emergency work session with mortgage companies to hammer out solutions to the foreclosure crisis. Letters have been sent to about a dozen loan companies requesting they attend a summit on Feb. 28. But so far none of the loan companies have responded.

Read the rest of the WBALTV.com article [...]

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