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Banking and Finance

Source: NY, California to sign mortgage settlement

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New York and California have agreed to sign the proposed settlement between U.S. states and the nation's biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations. In North Carolina, Attorney General Roy Cooper has shown support for the draft agreement, according to news reports.

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Broker’s license suspended for deceiving homeowners (access required)

Geoffrey Lamb says he unintentionally broke the state’s real estate laws while running a foreclosure-relief company in 2008. But the North Carolina Real Estate Commission uses much stronger language to describe what Lamb did as owner of U.S. Consumer Solutions, a Concord company that is no longer in business.

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MUMPO membership will change in 2012 (access required)

The membership of the Mecklenburg-Union Metropolitan Planning Organization, or more commonly referred to as MUMPO, is likely to change early this year as the U.S. Census prepares to release new maps detailing the country’s urbanized and soon-to-be urbanized areas.

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