Maryland

The relative shortage of houses for sale in the Baltimore region continues to push up sales prices, with the median price of a home in July up 2.6% from this same month last year to $277,000.

Baltimore had the highest share of distressed home sales of any city in the country, according to Attom Data Solutions.

Baltimore-area home sale prices were up again in May, with the stock of homes for sale continuing to decline, according to data provided by MarketStats by ShowingTime based on listing activity from Bright MLS.

Gary Klopp of Nottingham, Md., was ordered to pay more than $525,000 and temporarily barred from working in the mortgage industry by a U.S. District Court judge for violating a previous court order, according to Maryland Attorney General Brian Frosh.

Nationstar Mortgage has agreed to refund or reverse more than $1 million in inspection fees, settling allegations by Maryland officials it illegally charged homeowners.

Home sale prices in the Baltimore region continued their upward march in April, with the median price hitting $267,900, as the inventory of homes listed for sale remained tight.

The next Baltimore County executive will be responsible for fulfilling a promise made by the current one: Enticing developers to build 1,000 homes for low-income families.

The program is aimed at increasing homeownership in neighborhoods where soaring rents have left tens of thousands of low- and moderate-income tenants trying to live in Baltimore without being one of the nearly 7,500 tenants who get evicted each year.

Baltimore area home prices rose 6.5% in February from the same time a year ago, reflecting more closings and less inventory.

Ocwen Financial is receiving a lump-sum payment of $280 million from New Residential under the latest restructuring of the mortgage servicing rights sale.