Bank of America Corp. on Thursday said it is splitting its mortgage business into two units, with a new division created specifically to handle foreclosures and discontinued loan products. The bank said the new Legacy Asset Servicing unit will be ...Read More »
Banking and Finance
A Charlotte real estate investor is suing Bank of America, claiming the bank changed the locks on two properties he owned without completing the foreclosure process. David McKinnon filed the lawsuit Dec. 13 on behalf of himself and Blue Moon ...Read More »
Litton Loan Servicing is among the clients of Caudle Law Firm in Charlotte. But since November or so, Caudle has not been able to take any foreclosure properties to sale for Houston-based Litton, said Tiffany Smith, a paralegal for Caudle. ...Read More »
Charlotte-based Bank of America confirmed today that it halted the issuance of default notices as part of its nationwide moratorium on foreclosures last year, according to a Wall Street Journal story. The bank resumed the foreclosures, and the notices of default, ...
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Chanticleer Holdings said today it is launching the Chanticleer Dividend Fund with an affiliate of CapitalSouth Investments. Both firms are based in Charlotte. The fund is a business development company sponsored by a team of asset managers seeking to provide investors principle ...Read More »
BB&T Corp. said today it had fourth-quarter 2010 net income of $208 million, or 30 cents per share, up 12 percent from $185 million, or 27 cents per share, during the fourth quarter of 2009. The Winston-Salem-based company, which has banks ...Read More »