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 »
Banking and Finance
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 »
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 »