Final report from TRF on mortgage foreclosure filings in Maryland

The United States Joint Economic Committee recently estimated that 15% of subprime mortgages currently in Maryland  will go into foreclosure before the end of 2009, causing a $2.73 billion loss in property related wealth to Maryland residents and a $19.1 million loss in property tax.

This report from The Reinvestment Fund takes a comprehensive look at mortgage originations, foreclosures, and delinquencies throughout Maryland.

[Executive Summary]

[Full Report}


News & Updates

1/2008

Foreclosure Solutions Forum a Success!

On January 7, close to 200 people attended the Foreclosure Solutions Forum in Annapolis. Housing counselors, realtors, bankers, government officials, and advocates learned about subprime lending and foreclosure trends in Maryland and debated short and long-term solutions to the crisis.

The Baltimore Coalition also kicked off its Public Education Campaign to reduce foreclosures in Baltimore City.

Forum Materials

[Participants List]

[Baltimore Sun Article]

[Photo Slideshow on Flickr]

Baltimore Public Education Campaign

[Press Release]

[Billboard]

[Newspaper Advertisement]

[Examiner Article]

[Baltimore Business Journal Article]

1/2008

Judge Smartt now available on YouTube

Judge Smartt is a humorous and educational video to help consumers avoid some of the perils of the home mortgage market. Produced by the Megaphone Project and BHPC, it features Baltimore nonprofit staffers acting out the roles they encounter every day in helping borrowers avoid financial ruin.

[Video]

[News & Updates Archive]

About Us

The Baltimore Homeownership Preservation Coalition formed to address the high number of home foreclosures in the city. The aim of this effort is to help families stay in their homes, which also strengthens the neighborhoods in which they live. [More]