NEW YORK — Bank of America said today the Federal Reserve has objected to its plan for raising its dividend in the second half of this year, a setback that suggests regulators need to see more evidence that the nation’s ...Read More »
Banking and Finance
Moody’s Investors Service today affirmed its AAA bond rating for Mecklenburg County. In a press release, the county said the credit rating agency cited the county’s “healthy financial position despite some use of reserves, positive steps taken to stabilize and improve ...
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Charlotte-based mortgage companies New American Mortgage and Paramount Lending have merged under the name New American Mortgage, the companies announced today. The merger will combine New American’s 280 employees nationwide with Paramount’s 20 employees, for a total of 300. Company officials say ...Read More »
Charlotte-based LendingTree said it has launched a second-generation loan marketplace, LoanExplorer. LoanExplorer is an all-in-one mortgage pricing solution designed specifically for consumers, lenders and publishers, the company said. With LoanExplorer, consumers can access a “real-time, informative mortgage shopping experience” by anonymously comparing loan product ...Read More »
Bank of America said it plans to expand its outreach programs to help struggling homeowners in 2011. To lead the effort, the Charlotte company said it has named Rebecca Mairone as national mortgage outreach executive. Her duties will include managing and growing ...
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Philadelphia-based PFM Group today said Todd Frazier has been promoted from senior managing consultant to managing director in the firm’s Charlotte office. Frazier leads the company’s pricing group. PFM provides financial and investment advisory services to state and local governments and nonprofits.Read More »
In many people’s minds, Charlotte is still Banktown. So says a survey conducted as a starting point for a public relations campaign launched this year by the Charlotte Chamber of Commerce, Charlotte Center City Partners and Charlotte Regional Partnership to ...
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Wells Fargo & Co. chief financial officer Howard Atkins is retiring and the bank’s chief administrative officer and senior executive vice president will fill the post. Timothy Sloan, 50, will replace Atkins immediately, Wells Fargo said. Atkins’ retirement is not related to ...
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Bank of America Corp. on Thursday said it is splitting its mortgage business into two units, with a new division created specifically to handle foreclosures and discontinued loan products. The bank said the new Legacy Asset Servicing unit will be ...Read More »