Some homeowners who got a lifeline from the federal government through a loan modification program are about to get a rude awakening as interest rates on the loans – and the payments – start to rise this year. Most payments ...Read More »
Banking and Finance
Two mortgage brokers are being sued by the U.S. Attorney’s Office for making fraudulent statements in order to obtain loans used in speculative real estate deals in Charlotte during the heady days before the housing crash. Joshua Hankins of Charlotte ...
Tagged with: U.S. Attorney's OfficeRead More »
A murky, internecine lawsuit over $1.2 billion involving two formerly synonymous giants of economic development in Charlotte has ended in what appears to be an equally shadowy draw. But the documents filed Tuesday in a Texas court dismissing a 2010 ...Read More »
Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...Read More »
RALEIGH – Some North Carolina homeowners will receive a share of a $2. 1 billion national settlement brought against subprime mortgage loan servicer Ocwen Financial Corp., Attorney General Roy Cooper announced recently. An estimated $26 million in funds will help ...Read More »
Crowdfunding has been used to finance independent films, support aspiring novelists and musicians and launch small businesses. Now new rules under review by the Securities and Exchange Commission may shake up the real estate market by making it easier for ...Read More »
While the Charlotte real estate market remains affordable relative to many other U.S. markets, there is growing evidence that many middle class, professional families cannot afford to buy a home.
Tagged with: Charlotte-Mecklenburg Housing Partnership Cottingham Chalk Hayes Dustin Read Julie Porter Keith Thompson Lawrence Yun Mayor Patsy Kinsey National Association of Home Builders Prudential Carolinas Realty UNC Charlotte Wells Fargo ZillowRead More »
Rising sales prices and interest rates for mortgages made the purchase of a single-family home more expensive in August 2013, according to new research from the National Association of Realtors.Read More »
SunTrust Banks Inc. said Thursday that it agreed to cash payments and consumer relief totaling more than $1 billion to settle claims over its handling of government-backed mortgages.Read More »