Maryland

Three years after guiding the Baltimore bank through bankruptcy, the group that recapitalized it found a similar institution eager to form a new partnership.

Home sales and prices in the Baltimore region rose in July as housing inventory continued to dwindle, limiting buyers' choices.

The Treasury Department will take a huge hit when Cecil Bancorp sells its bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its trust-preferred stock.

Home sales and prices in the Baltimore area continued to climb in May, as buyers vied for properties in a market with historically low inventory.

Deutsche Bank has reached a $95 million settlement with Maryland stemming from the housing crisis that will funnel $80 million to provide new mortgages or mortgage relief to eligible consumers as well as help finance affordable housing.

Maryland Gov. Larry Hogan has signed a bill that will expedite foreclosures of vacant and abandoned properties this fall.