foreclosure

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There was disappointment by Delaware Attorney General Matt Denn after lawmakers decided to use some of the $61 million from a financial settlement to fill the state’s budget shortfall.

Denn wanted the money to go for such things as police foot patrols in Wilmington and helping families who are facing foreclosure.

The Wilmington New Journal reports that Denn also wanted the money to go toward subsidizing low-income schools and housing programs.

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ANNAPOLIS, Md. (AP) - Two of the Maryland House's more liberal Democrats are pushing for new protections against foreclosures: a six-month freeze on foreclosures and a ban on deficiency judgments.

Aisha Braveboy, a Prince George's County delegate running for attorney general, testified for the moratorium bill Thursday before the House Environmental Matters Committee. She said it could save homeowners struggling through bureaucratic delays with banks, such as lost paperwork.

Maryland News Connection

There are more than 10-thousand homeowners in Maryland who begin getting checks from a nationwide settlement with mortgage service companies.

State Attorney General Doug Gansler says those who lost their homes to foreclosure between 2008 and 2011 will receive payments averaging 15-hundred.

Maryland News Connection reporter Allison Burns has the story:

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BALTIMORE (AP) - The rate of new foreclosure filings in Maryland topped that of any other state this spring.

The Baltimore Sun reports that the spike can be attributed in large part to a national settlement with the country's five largest mortgage servicers that led to a flood of new cases.