Bank of America today said its board director will not seek another term at the annual meeting of shareholders in May. William Boardman, 69, who agreed to come out of retirement to join the board in 2009, said he plans ...Read More »
Banking and Finance
Lat Purser has been looking for new development projects that he can afford to lose. Earlier this month, his company, Charlotte-based Lat Purser and Associates, finished work on The Arden, a new, 16-unit apartment complex in the NoDa neighborhood north ...Read More »
There’s only one way in to Windy Ridge: across freight train tracks that zipper up the subdivision on three sides. Living room windows offer views of a cardboard box factory and a Pepsi bottling plant. It’s an unlikely place to ...Read More »
Atlanta-based SunTrust Banks today said it has named William Peele president and CEO for the Mecklenburg/South Carolina region. He succeeds Carl Wicker, who will retire, as previously announced, next week. Peele will be based in Charlotte. Peele most recently has served as ...Read More »
Average mortgage rates remained steady over the week, Charlotte-based LendingTree says. On Wednesday, average home loan rates offered by LendingTree network lenders were 5.02 percent for 30-year fixed-rate mortgages, 4.15 percent for 15-year fixed-rate mortgages and 3.63 percent for 5/1 adjustable-rate ...Read More »
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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