Lt. Gov. Anthony Brown is proposing to create a student loan fund to help students who are not legal residents pay for college.
Maryland is projected to receive $85.7 million as part of an agreement between 49 states and Ocwen Financial Corp. for first lien principal reductions for distressed borrowers.
Sweden’s Volvo Group says it’s adding up to 140 jobs in Hagerstown in a $30 million expansion of a plant that makes truck engines and transmissions.
A Baltimore-based foundation has committed $1 million to the Franklin P. Perdue School of Business at Salisbury University for grants and loan guarantees to start new businesses.
A Maryland lawmaker told a newspaper this week that his campaign repeatedly misidentified the source of a $50,000 loan it received in 2009 as coming from his law practice’s escrow account.
A second round of the housing crisis is striking Maryland as a backlog of delinquent loans move to foreclosure.
Vehicle Production Group, which received a $50 million federal loan to make vans for the disabled, has halted production.
A Virginia man has pleaded guilty in a scheme to get fraudulent loans guaranteed by the Small Business Administration. Prosecutors said the scheme resulted in more than $100 million.
Big changes in the rules for home mortgages are being unveiled in Baltimore.
At a time when many are struggling to stay afloat, the city opens an opportunity for small businesses.
Garrett County officials say they have struck a deal to pay off the debt of a manmade whitewater course near McHenry.
Millions of college students could be in for a shock this summer when the interest rate on a popular federally subsidized student loan doubles unless Congress acts.