Sgt. Brandon Hunt, his wife Lauren and his two small boys now have a place they can call home, courtesy of Wells Fargo HomeMortgage and Operation Homefront, a national nonprofit that provides emergency financial assistance to families of service members ...Read More »
Banking and Finance
Wall Street is at it again, slicing and dicing securities, hoping to sell pieces of the pie to investors hungry for better returns. But instead of offering investors bonds backed by mortgages, private equity firms are looking at new financial ...
Tagged with: American Homes 4 Rent blackstone group Center for American Progress House Financial Services Committee invitation homes Jeb Hensarling Mark Takano Norbert Michel Patrick McHenry RealtyTrac REO-to-rental Robert Pittenger Sarah Edelman single-family rental securities Tricon Capital GroupRead More »
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 ...
Tagged with: Al Ripley Center for Responsible Lending Center of Community Capital Louise Mack Paul LEonard Prosperity Unlimited U.S. Treasury Department's Home Affordable Modification Program University of North Carolina at Chapel HillRead More »
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 ...Read 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 ...
Tagged with: American BAnkers Association Bank of America Consumer Federation of America Consumer Financial Protection Bureau Dodd-Frank Wall Street Reform and Consumer Protection Act Elizabeth Eurgubian Fannie Mae Freddie Mac Independent Community Bankers of America Mel Watt Richard Cordray Terry FranciscoRead 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 ...
Tagged with: 2012 National Mortgage Settlement civil law enforcement investigation Consumer Financial Protection Bureau Homeward Residential Inc. Litton Home Servicing LP mortgage servicing and foreclosures N.C. Attorney General Roy Cooper Ocwen Financial Corp. settlementRead 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 ...
Tagged with: Bob Donlon Charlotte Startup Funding crowdfunding real estate CrowdVested David Massey David Moore Fundrise Groundfloor Horack Talley Jumpstart Our Business Startups Justin Hughes Real Estate Bisnow Realty Mogul Securities and Exchange CommissionRead 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: affordable housing Nation Association of Realtors Charlotte-Mecklenburg Housing Partnership Cottingham Chalk Hayes Dustin Read Julie Porter Keith Thompson Lawrence Yun Mayor Patsy Kinsey Minnie HIgh National Association of Home Builders NeighborhoodWorks America Peggy Peterson Prudential Carolinas Realty Re/Max Metro Realty Svenja Gudell UNC Charlotte Wells Fargo ZillowRead More »
Rising home prices and a decrease in foreclosures seem to have tamped down the market for flipping properties by investors in the Charlotte region, according to RealtyTrac, the online housing data provider.Read More »