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Banking and Finance

Mortgage rates remain steady over week

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 ...

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New American Mortgage, Paramount Lending merge

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 ...

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LendingTree launches loan marketplace

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 ...

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PFM names managing director in Charlotte office

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.

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City’s banking image proves hard to look past (access required)

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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