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Banking and Finance

Limited effect: FHA lowers loan caps, but Charlotte impact expected to be slight (access required)

This month, the Federal Housing Administration’s single-family home loan limits dropped in more than 600 counties across the U.S., including some in the Charlotte area. On its face, it sounds like more grim news for the housing industry: Lower loan ...

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Bank Bailout: CommunityOne takes control of failed subdivision site from Gaston commissioner (access required)

Joe Carpenter made his living cutting grass with his own landscaping business. This month, the 75-year-old Gaston County Commissioner is just cutting his losses. Instead of foreclosing, CommunityOne Bank accepted land from Carpenter meant for two failed subdivisions: Kings Pinnacle ...

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Meck foreclosure filings down 29 percent (access required)

The number of foreclosure filings in Mecklenburg County declined 29 percent in August compared with a year ago, according to the North Carolina Administrative Office of the Courts. There were 729 foreclosure filings in August, down from 1,033 in August ...

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SciVolutions 
building 
foreclosed on (access required)

RBC Bank has foreclosed on the SciVolutions industrial building at 2260 Raeford Court in Gastonia. When the company opened in 2005, it purchased the 24,450-square-foot building for $1.15 million. Scivolutions manufactured bandages. Prior to 2005, the building was home to ...

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