Two Legislative proposals by Harford County State Delegate Donna Stifler (R, 35A) today won the unanimous approval of the Maryland House of Delegates.
Stifler’s bill, HB 96 requires sexual offenders to update their pictures on the state sex offender registry at least every six months. Previously, offenders could go one year or longer without updating their photo.
“This is one more step in the effort to keep our kids safe from predators,” said Stifler.
Stifler’s second proposal, HB 79, seeks to prevent fraud in mortgage appraisals. It expands the coverage of the Maryland Mortgage Fraud Protection Act by prohibiting the creation of documents used in the mortgage process that omit, misstate or deliberately misrepresent factual information.
“At this time of a housing crisis, it is very important that the mortgage process for all Marylanders be based on truthful and accurate information,” said Stifler. “We owe that to people who work hard and play ...Continue Reading
Tags: annapolis, delegation, fraud, mortgage, sex offender, stifler
Interim Update – Mortgage Crisis? – October 2, 2008
With all that’s going on with the proposed federal bailout of lending institutions, I would like to give you my opinion, and some solutions that have not been thought of by the media or our elected officials in Congress.
First, I do not support rewarding failure. So, bailing out the banks and those who have made the decision to live way above their means is a course I have little sympathy for.
If we are going to spend $700 billion of taxpayer money, why not use that money to reward success? Give the money to those people who actually always pay their mortgages on time, with the agreement that they money would be used to pay off their mortgage. So the money would first go to reward those who have done the right thing, passing through their hands to the banks, ...Continue Reading
Tags: annapolis, congress, impallaria, mortgage, tax
Since the housing market began its dramatic landslide last year, I’ve been pushing my fiancé to buy a house under the impression that this may be the most affordable time for first-time buyers. There’s a lot of real estate out there for sale, most of which has been sitting stagnant for several months. The lenders and agents continue to harp that this is a buyer’s market. And they’re right—it’s the best time to be a buyer if you’re not trying to sell a house first and have 20 percent to put down.
Being 20-Something Today
I’ve learned a lot since I started looking at homes, and one of those lessons is that unless you can put 20 percent down on a house, you’re monthly mortgage is going to be painful. There isn’t a lot of incentive for young people just getting started to do anything other than ...Continue Reading
Tags: agent, dagger, dagger press, foreclosure, housing, mortgage, real estate, rent
