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 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 »
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 »