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 »
Banking and Finance
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 »
Rising sales prices and interest rates for mortgages made the purchase of a single-family home more expensive in August 2013, according to new research from the National Association of Realtors.Read More »
While the federal government shutdown is not having a direct impact on Charlotte businesses, it is creating uncertainty in the business community, according to panelists at The Mecklenburg Times Women’s Business Breakfast Forum. “With the shutdown and debate about the debt ceiling, people are waiting to make decisions,” said Natalie Haskins English, senior vice president of public policy for the Charlotte Chamber of Commerce.
Tagged with: Astrid Chirinos Bank of America bank of the ozarks Byron's South End Central Piedmont Community College Charlotte Chamber of Commerce Charlotte-Mecklenburg Schols Cindy Wolfe CREW Charlotte Denise Dexter Diverso Global Strategies Latin American Chamber of Commerce of Charlotte Lincoln Harris Mecklenburg Times Women's Business Breakfast Forum Natalie Haskins EnglishRead More »