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Banking and Finance

Mecklenburg County 
foreclosures drop (access required)

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 ...

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Limited effect: FHA lowers loan caps, but Charlotte impact expected to be slight (access required)

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 ...

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Bank Bailout: CommunityOne takes control of failed subdivision site from Gaston commissioner (access required)

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 ...

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