Wells Fargo reported higher earnings, higher revenue and a record number of mortgage applications Friday. It’s just that nobody was paying all that much attention.
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Whatever the reason for the increased movement of distressed properties, Charlotte real estate agents are certain that real estate investors – often, but not really pejoratively, referred to as “vultures” – have played a role.Read More »
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government ...Read More »
The Charlotte-area foreclosure rate rose 0.63 percentage points in January from the same month a year ago and was higher than the national rate, Santa Ana, Calif.-based CoreLogic said Tuesday.Read More »
The Federal Housing Finance Agency has ruled that Fannie Mae, Freddie Mac and the Federal Home Loan Banks will no longer be allowed to purchase mortgages on properties saddled with fees that developers insert into covenants for new subdivisions.Read More »
Economists expect home prices to fall 0.7 percent in this year, according to a report Zillow released this week.Read More »
The government filed in federal court Monday a $25 billion settlement with the five largest mortgage lenders, putting an official stamp on the landmark agreement over alleged foreclosure abuses.Read More »