SunTrust Banks Inc. said Thursday that it agreed to cash payments and consumer relief totaling more than $1 billion to settle claims over its handling of government-backed mortgages.Read More »
Banking and Finance
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 »
It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.
Tagged with: Atlantic Bay Mortgage Bank of America Charlotte Metro Credit Union Charlotte real estate and banking Charlotte Regional Realtor Association David Stevens Eric Locher government shutdown John Wines Mortgage Bankers Acociation National Association of Homebuilders National Association of Realtors Nicol Morris rick judson Terry FranciscoRead More »
A new Homeowner's Bill of Rights, SB 321, aims to eliminate the runaround some homeowners got from banks by requiring lenders to assign homeowners a single person to contact. It bans dual-tracking, in which a bank pursues a foreclosure at the same time a homeowner is working on a short sale. And it eliminates "arm's length" rules, in which banks barred people from buying distressed properties from their relatives or other close associates.Read More »
Trulia, the online real estate search engine, just released a survey of the top 100 metro areas, looking to answer the age old question: Should you rent or should you buy? Their answer for Charlotteans is buy.Read More »
Foreclosure activity down from last year, but Mecklenburg and York counties see month-over-month spike
Although foreclosure activity in the Charlotte area has declined over the past year, it jumped up between July and August this year in Mecklenburg and York counties, according to a report issued by RealtyTrac.Read More »
The average U.S. rate for the benchmark 30-year home mortgage climbed over the 4.5 percent mark this month for the first time in more than two years.
Tagged with: 30-year home mortgage rate Alan Banks Evans Coghill Homes Grubb Properties Home Builders Association of Charlotte Karla Knotts Keller Williams Knotts Development Pearson Land Corp. Todd Williams Tom Pearson Virginia PopovichRead More »
“The builders will have to be financially qualified with effective business models and financial discipline," said Bill Bickett, who is spearheading the creation of the Charlotte-based division of the bank. "But smaller builders have had more problems getting financing. We’ll be looking at loans from $2 million to $6 million. That’ll be our sweet spot.”Read More »
As Latinos flock to Charlotte and elsewhere in North Carolina, they have the potential to be a godsend to the real estate market, offering a deep pool of potential homebuyers that could boost the bottom line for real estate agents and homebuilders.Read More »