Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities.
On Wednesday, Mark Vitner, managing director and senior economist for Wells Fargo, was the featured speaker for a “State of the Charlotte Commercial Real Estate Market and Outlook” forum. But most of his presentation ended up being focused on the homebuilding industry. And the overall theme? Don’t expect 2012 to deliver a complete turnaround. “There [...]
The membership of the Mecklenburg-Union Metropolitan Planning Organization, or more commonly referred to as MUMPO, is likely to change early this year as the U.S. Census prepares to release new maps detailing the country’s urbanized and soon-to-be urbanized areas.
Foreclosure filings in the Charlotte-Gastonia-Concord area went up by about 6.9 percent to 1,181 filings from November to December, and the overall number is up about 8.1 percent from December 2010 when there were 1,092 filings.
WASHINGTON — Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation’s economy could pull off a “soft landing” from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy. Newly released transcripts of [...]
Daniel Levine and his family can’t seem to resist the pull of Monroe Road. He developed McAlpine Business Park on Monroe Road, the Galleria shopping center at Galleria at Sardis and Monroe roads and, nearby, Galleria Village Apartments. Monroe Road’s been a popular spot for his family members, too; his dad and uncle have opened [...]
WASHINGTON — The executive who was appointed to lead mortgage giant Fannie Mae in 2009 after the federal government seized the company plans to step down as its CEO. Michael J. Williams announced Tuesday he will continue as CEO and as a director until a successor is found. “I decided the time is right to [...]
ATLANTA — A Senate committee has approved a bill that establishes statewide guidelines for foreclosure registries and would cap the fees cities and counties charge owners of foreclosed properties.
Steve Corriher says recessions are ironic times for the Construction Technology Division at Central Piedmont Community College’s Harper campus.
Foreclosure rates in the Charlotte-Gastonia-Rock Hill area increased in October to 3.49 percent of outstanding mortgage loans from 2.38 percent the same month in 2010, Santa Ana, Calif.-based CoreLogic said last week.