Bank of America said Monday it has reached an agreement with Fannie Mae and Freddie Mac over bad residential mortgage loans sold to them by Countrywide Financial Corp. As part of the agreement, Bank of America made a $1.28 billion ...Read More »
Banking and Finance
The Charlotte-based RoundPoint Financial Group announced today it has purchased a 40 percent stake in a $603 million mortgage loan portfolio from the Federal Deposit Insurance Corp., an independent agency created by Congress which guarantees the safety of deposits in ...Read More »
Charlotte-based Bank of America will bundle property loans from Aegon USA Realty Advisors into bonds under a deal announced Thursday. Bank of America will ”utilize Aegon’s commercial real estate lending expertise and significant industry relationships to source new lending opportunities that ...
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Charlotte-based Tree.com has announced the preliminary results of its plan to repurchase its own stock, saying it expects to buy 312,339 shares. The parent company of LendingTree said the shares will be bought for $7.75 apiece under the modified “Dutch auction” tender ...Read More »
BB&T Corp. said it will pay a 15 cent dividend per common share in the first quarter of 2011. The Winston-Salem-based company said the dividend will be paid Feb. 1 to shareholders of record as of Jan. 7. At that ...Read More »
Mortgage lender Foundation Financial Group will be expanding its operations in Charlotte and adding 30 new positions through the first quarter of 2011, doubling its existing Charlotte work force, the company said today. The jobs will include entry-level positions, such ...Read More »
Capitol Bancorp is selling Community Bank of Rowan to Piedmont Community Bank Holdings in Raleigh . The sale will help to Capitol Bancorp redeploy capital to its affiliate banks, Capitol’s CEO Joseph Reid said. The transaction, which is subject to regulatory approval, is expected to ...
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