Charlotte-based Park Sterling Bank said it has hired Nancy Foster as chief risk officer. Foster, who is also director of the Risk Management Association in Philadelphia, has served as chief risk officer at New York-based CIT Group and held various positions for ...Read More »
Banking and Finance
Bloomberg is reporting today that Bank of America will be downgraded by the bond market following investigations of the bank’s foreclosure processes. According to Moody’s Corp.’s capital markets research group, prices of the bank’s credit-default swaps imply that the debt ...
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As more of the country’s biggest financial institutions and mortgage lenders are pulled into the ongoing controversy involving questionable foreclosure processes, many predict the situation could have a chilling effect on the country’s already battered economy and real estate market. ...
Tagged with: Bank of America Charlotte Regional Realtor Association Cottingham Chalk Hayes Dan Frahm Eric Locher Jennifer Frontera Richard Buttimer Roy Cooper University of North Carolina at Charlotte Wanda Smith & AssociatesRead More »
After receiving a letter this week from the North Carolina attorney general asking the company to suspend foreclosures, Charlotte-based Bank of America today said it will stop foreclosure sales in all 50 states. “Bank of America has extended our review ...Read More »
Age: 39 Family: wife, Reagan; children, Whiteaker, 8, Ann-Marie, 6 Education: bachelor’s degree in economics, Washington & Lee University, Lexington, Va.; juris doctor degree from Southern Methodist University, Dallas Christian Brose knows what it’s like to be an “Army brat.” The ...Read More »
Incentives like tax breaks are great, said Robert Gavin, global manager of facility engineering for the financial services company Citco Fund Services. But it’s the little things – affordable housing, local colleges and universities, and proximity to other big cities ...Read More »
By Sam Boykin When news came out last week that the Charlotte metro region’s personal income per capita dropped from $39,621 to $37,372, Tom Flynn wasn’t surprised. “We lost a lot of high-paying jobs in the financial sector,” said Flynn, ...Read More »
Whose cash is it anyway? New income-verification requirements create hurdles for self-employed, contractors
By Caitlin Coakley For those looking for a home, it might be a buyer’s market right now — as long as the shopper is not self-employed. During the housing bubble, loans with no income-verification requirements — also known as no-doc ...Read More »