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 »
Banking and Finance
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 »
Gastonia’s Village at the Mountain subdivision has been foreclosed on. According to Gaston County’s register of deeds, CommunityOne Bank foreclosed on 16 parcels totaling 5.3 total acres with a combined tax value of $1.03 million. The homes were described as ...Read More »
A 300-unit apartment complex to be built near the University of North Carolina at Charlotte took a step forward this week, with CB Richard Ellis announcing that the project has financing. CBRE, which helped with lending, said the U.S. Department ...Read More »
JPMorgan Chase & Co. and Bank of America Corp. are opening mortgage-assistance centers in Charlotte. JPMorgan opened its center Tuesday at 205 Regency Executive Park Drive, Suite 100. BofA is expected to open its center, the location of which has ...Read More »
News stories, pundits and blog entries across the U.S. have recently trumpeted the return of the smaller home as consumers look for ways to cut expenses as the economy limps along. But the trend has skipped over the Charlotte area, ...Read More »