WASHINGTON — Sales of new U.S. homes in February climbed to their fastest pace in seven years, as an otherwise dormant housing market showed fresh signs of life. The Commerce Department said Tuesday that new-home sales shot up 7.8 percent ...Read More »
WASHINGTON — An investigation by the Federal Reserve has found no evidence that market-sensitive information was deliberately leaked from its interest-rate policy meeting in September 2012. The Fed said in a summary of its investigation, provided to Congress on Monday, ...Read More »
ATLANTA — Ocwen Financial plans to sell a portfolio of approximately $25 billion in mortgage servicing rights to a subsidiary of Nationstar Mortgage Holdings Inc. The portfolio includes about 142,000 loans owned by Freddie Mac and Fannie Mae. Atlanta-based Ocwen ...Read More »
NEW YORK – Collectors, designers and developers looking for their next statement piece will get a chance to find one at a large auction of salvaged historical artifacts. Urban Archaeology, a former salvage company that years ago switched to manufacturing ...
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CHARLESTON, S.C. – Eight decades after Charleston passed the nation’s first historic preservation ordinance to protect its picturesque city of old pastel buildings and quiet gardens, there’s concern that the design of new buildings is not as good as that ...Read More »
LANSING, Mich. — Michigan lawmakers are considering legislation that would let landlords email eviction notices to tenants or notify them via social media. State law says landlords must deliver eviction notices in writing, either on site or by mail. The ...
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HILTON HEAD ISLAND, S.C. — Still another South Carolina coastal community has gone on record against offshore drilling. The Island Packet of Hilton Head reports (http://bit.ly/1H1ptA0 ) that Hilton Head Island Town Council agreed Tuesday to send letters to the ...
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SANTA MONICA, Calif. — Mall operator Macerich has rejected a $16 billion hostile bid from competitor Simon Property Group and adopted a “poison pill” defense to defend against a takeover. Simon Property Group Inc., already the nation’s largest mall operator, ...Read More »
CHARLESTON, S.C. — Eight decades after Charleston passed the nation’s first historic preservation ordinance to protect its picturesque city of old pastel buildings and quiet gardens, there’s concern that the design of new buildings is not as good as that ...Read More »
CHARLESTON, S.C. – The sentencing for a Florida developer who pleaded guilty to conspiring to sell property to South Carolina State University officials for kickbacks has been postponed. Richard Zahn, who pleaded guilty in February 2013, was to have been ...Read More »