By Tony Brown, Staff Writer
Published: January 2,2013
“The builders will have to be financially qualified with effective business models and financial discipline," said Bill Bickett, who is spearheading the creation of the Charlotte-based division of the bank. "But smaller builders have had more problems getting financing. We’ll be looking at loans from $2 million to $6 million. That’ll be our sweet spot.”
By Scott Baughman
Published: August 6,2012
As Latinos flock to Charlotte and elsewhere in North Carolina, they have the potential to be a godsend to the real estate market, offering a deep pool of potential homebuyers that could boost the bottom line for real estate agents and homebuilders.
By The Associated Press
Published: July 16,2012
Wells Fargo reported higher earnings, higher revenue and a record number of mortgage applications Friday. It’s just that nobody was paying all that much attention.
By Garry Boulard
Published: May 24,2012
Whatever the reason for the increased movement of distressed properties, Charlotte real estate agents are certain that real estate investors – often, but not really pejoratively, referred to as “vultures” – have played a role.
By The Associated Press
Published: May 11,2012
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis. Fannie on Wednesday reported that it earned net income attributable [...]
By Mecklenburg Times staff reports
Published: March 29,2012
The Charlotte-area foreclosure rate rose 0.63 percentage points in January from the same month a year ago and was higher than the national rate, Santa Ana, Calif.-based CoreLogic said Tuesday.
By Mecklenburg Times staff reports
Published: March 22,2012
The Federal Housing Finance Agency has ruled that Fannie Mae, Freddie Mac and the Federal Home Loan Banks will no longer be allowed to purchase mortgages on properties saddled with fees that developers insert into covenants for new subdivisions.
By Mecklenburg Times staff reports
Published: March 22,2012
Economists expect home prices to fall 0.7 percent in this year, according to a report Zillow released this week.
By Scott Baughman
Published: March 19,2012
It’s been two years since the upfront mortgage insurance premium was lowered. And today, the FHA’s Mutual Mortgage Insurance Fund balance is below 2 percent of what is needed to pay off all the outstanding loans the FHA guarantees.
By The Associated Press
Published: March 19,2012
Foreclosure activity surged last month across about half of the nation's states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo thanks to delays stemming from foreclosure-abuse claims.
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