Lexie Longstreet had what appeared to be the perfect homebuyer. The woman had a credit score of 800 and had saved enough for a 20 percent down payment on a condo in Plaza Midwood, an up-and-coming Charlotte neighborhood. The homebuyer ...Read More »
Banking and Finance
BOSTON — Massachusetts housing advocates and victims of the housing crisis are pressing Attorney General Martha Coakley to reject a settlement over foreclosure abuses that federal officials and other state attorneys general are negotiating with major U.S. banks. A reported $20-billion ...Read More »
WASHINGTON — Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives. Under the deal by House and Senate negotiators, the ...Read More »
Thanks to uncertainty over how condo owners could be affected, a plan by a Wells Fargo subsidiary to rezone Emerald Green Village in Mooresville is in limbo. The subsidiary, Redus NC-All LLC, wants the zoning changed so that, instead of ...Read More »
Kip Byrne’s disgust with college put her on a career path that led from working at the bottom of the banking world to becoming a leader in Charlotte’s mortgage lending industry. Live in: Charlotte Age: 49 Family: husband, Britt; sons, ...Read More »
PHOENIX — The Obama administration’s top housing official touted the government’s efforts to stabilize neighborhoods hard hit by foreclosures during a visit to a Phoenix neighborhood Thursday. U.S. Housing and Urban Development Secretary Shaun Donovan visited two homes bought out ...Read More »
Realtor Thomas Harte had a contract on a 1920s-era home in Charlotte’s Elizabeth neighborhood. The five-bedroom, four-bath, fully renovated house at 425 Clement Ave. was listed at $790,000. With a tax value of $1.23 million, Harte thought the home would ...
Tagged with: Anthony Moore Century 21 Murphy & Rudolph Everett Helms Fannie Mae Federal Housing Administration Freddie Mac Helms Appraisals Lexie Longstreet Matthew Connolly Pike Properties Savvy & Co. Thomas HarteRead More »
WASHINGTON — The government regulator of Fannie Mae and Freddie Mac said Thursday that million-dollar bonuses paid to executives at the companies were necessary to keep the mortgage giants running. Edward DeMarco, the acting director of the Federal Housing Finance ...Read More »
Charlotte-based Wyndham Capital Mortgage said it is “aggressively” interviewing and hiring people for positions across all of the company’s departments. The positions include mortgage bankers; loan processors, underwriters and closers; and compliance. The company said it has filed more than 75 ...
Tagged with: Wyndham Capital MortgageRead More »
NEW YORK — The federal government sued one of the nation’s largest privately held mortgage brokers this month, saying its decade-long fraudulent lending practices cost the government hundreds of millions of dollars and forced thousands of American homeowners to lose ...Read More »