Mar 10 2008

Baltimore-based Housing Finance Company in Trouble

Published by Glen at 5:36 pm under Real Estate

Story from the City Paper Website

A multibillion-dollar Baltimore-based housing finance company appears to be in trouble. Municipal Mortgage and Equity LLC has seen its stock price drop by 80 percent over the past year or so, and in February the New York Stock Exchange delisted the stock. Shares now trade on the “pink sheets” over-the-counter market. Several class-action lawsuits have been filed against the company by shareholders, claiming securities fraud.

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