Emergency Regulation Adopted
19, 2008 Maryland adopted a new emergency regulation requiring
reports from mortgage loan servicers detailing their efforts to
help homeowners facing default and foreclosure. Maryland is the
second state in the nation to require this data (California was
The Emergency Servicer Reporting Regulation requires servicers
to provide DLLR with lists of homeowners who have adjustable rate
mortgages that are about to reset to higher interest rates. DLLR
will use this information to reach out to those homeowners, providing
them with information on available resources.
“Everyone in the mortgage industry has said they want
to help homeowners avoid foreclosure. We want to ensure their
actions are matching their words,” said Secretary Perez.
“This data collection will shine a bright light on servicers,
and will help DLLR help homeowners.”
Click here for Emergency Regulation
4th Quarter Foreclosure Update
the fourth quarter, Prince George’s, Montgomery, Washington
and Worcester Counties saw the number of foreclosure events double
from previous quarter. In other counties, such as Kent, Garret
and Somerset, the numbers nearly tripled. Statewide, Maryland
saw 9,722 foreclosures, compared to 7,001 in the previous quarter,
an increase of 2,721 foreclosure events statewide.
“The numbers once again underscore the need to enact the
Governor's reform package as soon as possible,” said Secretary
Perez. “For thousands of Marylanders, the American dream
is being transformed into the American nightmare.”
According to RealtyTrac, one of the major providers of property
foreclosure data, Prince George’s County continues to have
the highest number of foreclosure events, with 2,732. Montgomery
County has the second highest number of events, with 1,310, while
Baltimore City ranked third with 1,268 events. Click
to review graph.
Governor O’Malley has proposed sweeping reforms for the
mortgage industry, including raising the bar for licensing, tightening
lending standards and eliminating defective products from the
market in Maryland. This and the newly adopted DLLR emergency
regulation, which requires loan servicers to report monthly to
DLLR all loss mitigation and loan modification efforts, are proposals
that represent a comprehensive effort to combat rising foreclosure
rates and protect future Maryland homeowners.
ServiceRs Agree to Work with State to Find Solutions
Governor’s Loan Servicers Meeting a Success
In response to the 4th quarter numbers, Governor Martin O’Malley
called an emergency meeting with mortgage loan servicers to set
a standard for consistent, timely and sustainable loss mitigation
services for Maryland homeowners. The work-session focused on
real solutions to the foreclosure crisis and protecting middle-class
families from losing their homes.
Secretary Perez called the meeting a success. “The foreclosure
crisis requires an all-hands-on-deck enterprise that will only
be accomplished with the cooperation of servicers, nonprofit housing
counselors, state and local government,” said Secretary
Perez. “We made significant progress toward that end during
The meeting concluded with commitments
from the servicers to:
- Provide information within ten days
about what is required from borrowers to access real loss mitigation
- Reconvene in three weeks to continue
work on a streamline triage system for Maryland homeowners.
- Participate in a summit to train housing
counselors in the requirements for loss mitigation.
The servicers that participated in the Governor’s Servicers
Wells Fargo and Litton Loan Servicing were unable to attend
today’s meeting but committed to the effort.
DLLR Immediately Suspends Eleven Maryland Mortgage
Secretary Perez commended Financial Regulation Commissioner
Sarah Bloom Raskin for her swift action in the summary suspension
of eleven Maryland mortgage broker licenses.
Commissioner Raskin determined that Florida based Superior
Mortgage Group, LLC was in violation of several statutes of
the Maryland Mortgage Lender Law, and immediately suspended
all eleven licenses. Commissioner Raskin’s action requires
that Superior suspend any further business prior to a hearing.
Gloria Freifeld, owner of Superior Mortgage Group, LLC, had
applied for and received all eleven licenses between May of
2006 and October 2007. The Financial Regulation Enforcement
Unit received specific information alleging that Gloria Freifeld
had knowingly falsified information on her application for the
The investigation revealed that Ms. Freifeld misrepresented
her experience in the mortgage lending business and did not
qualify as a broker. Furthermore, the investigation uncovered
that Ms. Freifeld made material misstatements regarding her
experience and qualifications on the Maryland mortgage lender
application. While the summary suspension of Superior’s
Maryland Mortgage broker licenses are immediate, Superior may
request a hearing within the statutory time limit. A request
for a hearing, however, will not stay the summary suspension
of the licenses.
Workforce Investment Board Hosts Summit 2008
Governor's Workforce Summit 2008, hosted by the Governor's Workforce
Investment Board (GWIB), took place on February 8 at the Johns
Hopkins Applied Physics Lab and generated new ideas and workforce
policies for Maryland’s future. The Summit brought together
more than 500 Maryland stakeholders from business, education,
government and nonprofits to discuss ways of creating a streamlined
and aligned workforce system that will keep Maryland competitive
the 21st Century.
The first roundtable of the Summit included discussions on
the alignment of the education system’s mission, goals
and outcomes with Maryland’s economic and workforce needs.
Panelists in the second roundtable discussed strategies for
growing a skilled workforce including the retention of college
graduates, immigrant workers, untapped populations, and the
roles of philanthropy, business and government.
summit focused on Maryland’s economic competitiveness
in the global economy, while ensuring that all Marylanders have
the opportunity to participate and succeed in the 21st century
workforce," said GWIB Executive Director Eric Seleznow.
"The Summit was designed to spark innovation and new ideas
as the Governor develops workforce polices for Maryland’s
A report will be prepared on the results and recommendations
from the Summit.
Martin O’Malley was joined by the Department of Labor, Licensing
and Regulation Secretary Thomas Perez; Department of Business
and Economic Development Secretary David Edgerley; Department
of Public Safety and Correctional Services Secretary Gary Maynard;
Department of Juvenile Services Secretary Donald DeVore; Department
of Disabilities Secretary Catherine Raggio; and Department Human
Resources Secretary Brenda Donald on February 6th, as these agencies
continue to collaborate with each other to create and expand programs
to bring more services to more Marylanders.
The Governor highlighted current, ongoing and future efforts
to build a comprehensive workforce creation system to provide
more opportunities for all Marylanders and secure Maryland’s
position in an increasingly competitive global economy.
Workforce Creation efforts underway in Maryland include:
- DLLR and DHR embarked upon a novel
effort to promote coordination between local workforce one-stops
and DSS offices. The agencies are hammering out the details
of a competitive process that will direct more than $4 million
in DHR Temporary Assistance for Needy Families (TANF) funds
through DLLR’s one-stop workforce system to support job
training services for foster children and TANF recipients and
help get them in the workforce.
- DLLR, the Department of Public Safety
and Correctional Services and the Independent Electrical Contractors
Association have partnered to launch an electrical contractor
construction training program for incarcerated women at the
Jessup Women’s Correctional Facility.
- DLLR and DJS have forged an alliance
to create a construction worker pre-apprenticeship training
program at the Victor Cullen Center in Frederick County. Other
DLLR/DJS partnerships will include connecting DJS releasees
with local one-stop systems and screening DJS participants for
inclusion into the new DLLR/TANF youth-services programs for
youth in foster care.
- Governor O’Malley has introduced
legislation to move responsibility for adult education programs
to DLLR – an effort to create synergies between our workforce
one-stop system, community colleges, nonprofit providers, state
agencies and the business community. SB 203/HB 367 transfers
oversight of adult education and correctional education programs
from the Maryland State Department of Education to DLLR’s
Division of Workforce Development.
Secretary Tom Perez, along with Governor O'Malley's Legislative
Director Joe Bryce, testified on behalf of the administration’s
adult education restructuring bill before the Senate Finance Committee
(SB 203) on February 14th and before the House Joint Committee
(HB 367) on February 20th. Supporting testimony came from non-profit
organizations, business leaders, community college's and correction
Click here for copy of testimony
en la Construcción
The staff at Maryland Occupational Safety and Health (MOSH)
held a full-day workshop for Spanish-speaking employers and employees.
This workshop, which was free and conducted entirely in Spanish,
covered typical hazards on construction sites including the Maryland-specific
Este curso es en Español y cubrira peligros encotrados
en sitios de construcción incluyendo los requisitos especificos
del estado de Maryland.
“Our goal is to reduce the number of injuries and illnesses
among Maryland's Hispanic population,” said Roger Campbell,
assistant commissioner for MOSH. “We need to ensure employers
and employees are being trained properly and understand the basics
of construction site safety.
More workshops conducted entirely in Spanish are planned. For
more information, and to register for the free workshops contact
MOSH at 410-880-4970.
Para información adicional y para registrarse, usted
puede contactar MOSH al 410-880-4970
DLLR Observes Black History Month
of Labor, Licensing and Regulation held their annual Black History
program at City Temple of Baltimore Baptist. This year's program
continued the agency's
22- year trend with an outstanding program commemorating the legacy
and contributions of African Americans. Event Coordinator and
Acting Director of the Office of Equal Opportunity and Program
Equity Adam Ortiz, welcomed DLLR administrators, staff and guests
in preparation for an afternoon of
music from the DLLR Choir and inspiring words from Deputy Secretary,
Leonard Howie, III.
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