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 »
Banking and Finance
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 »
The Obama administration rolled out revisions to a program last month designed to prevent some homeowners from going into foreclosure. But many question the Home Affordable Refinance Program’s effectiveness and say that it’s too narrow and limited to make an ...
Tagged with: Bruce Marks Charlotte Regional Mortgage Lenders Association Fannie Mae Federal Housing Finance Agency Freddie Mac Home Affordable Refinance Program John Connaughton Kip Byrne Neighborhood Assistance Corporation of America Republic Mortgage Insurance Co. U.S. Department of Housing and Urban DevelopmentRead More »
Mecklenburg County foreclosure filings declined by more than half in October compared with a year ago, according to the North Carolina Administrative Office of the Courts. The office reported 519 foreclosure filings in October, down nearly 57 percent from the 1,198 ...Read More »
This month, the Federal Housing Administration’s single-family home loan limits dropped in more than 600 counties across the U.S., including some in the Charlotte area. On its face, it sounds like more grim news for the housing industry: Lower loan ...
Tagged with: Allen Tate Realty Bob Nielsen Fairway Independent Mortgage Corp. Fannie Mae Federal Housing Administration Freddie Mac Lori Bee National Association of Home Builders Olan Carder Terry McDonald The McDonald Group Union County Realtors AssociationRead More »
Joe Carpenter made his living cutting grass with his own landscaping business. This month, the 75-year-old Gaston County Commissioner is just cutting his losses. Instead of foreclosing, CommunityOne Bank accepted land from Carpenter meant for two failed subdivisions: Kings Pinnacle ...Read More »