WASHINGTON — The nation’s four biggest banks slashed billions of dollars from mortgages and other debts, enough to satisfy their obligations under a national mortgage settlement that stemmed from so-called robo-signing. A report on Tuesday from the monitor overseeing the ...Read More »
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DEAR MR. BERKO: In 2008, you recommended Bank of America’s 7.25 percent convertible preferred stock at $720 a share. It yielded 10 percent, and you said it was a safe investment. We bought 30 shares for $22,000, and they’re now ...Read More »
Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...
Tagged with: American BAnkers Association Bank of America Consumer Federation of America Consumer Financial Protection Bureau Dodd-Frank Wall Street Reform and Consumer Protection Act Elizabeth Eurgubian Fannie Mae Freddie Mac Independent Community Bankers of America Mel Watt Richard Cordray Terry FranciscoRead More »
Daniel Bailey Jr. hasn’t paid his mortgage in five years and the Wilmington resident isn’t about to start now. That’s because Bailey says he struck a special agreement with Countrywide Financial, his mortgage provider, that forgave the loan amount. It ...Read More »
CHARLOTTE — Bank of America will pay $404 million to mortgage buyer Freddie Mac to settle all remaining claims over home loans sold in the previous decade. The Charlotte, N.C., bank says the deal resolves claims on loans sold from ...Read More »
Bank of America will cut roughly 3,000 jobs by the end of the year as the number of refinancing applications and troubled loans has fallen. It is part of larger industry pull back in response to the changing housing market. ...Read More »
Rooftops+Recovery+Recent Hospital Expansion=Commercial Real Estate Revival. That appears to be formula at work in The Park-Huntersville – and its joined-at-the hip spin-off, the Gilead Center – where seven new construction projects are underway or in the pipeline.
Tagged with: Bank of America brad priest Bruce Andersen Chi Chi Maly Enterprises Forbo Siegling Forrestal Academy Gilead Center Huntersville Board of Commissioners huntersville Health and rehabilitation Huntersville Planning Board John Allen John Boylan Kuester Development M/I Homes Charlotte Novant Huntersville MEdical Center Primrose School Silver Florida Properties Spectrum Properties Tamara Lynch The Park-Huntersville Truliant Federal Credit UnionRead More »
While the federal government shutdown is not having a direct impact on Charlotte businesses, it is creating uncertainty in the business community, according to panelists at The Mecklenburg Times Women’s Business Breakfast Forum. “With the shutdown and debate about the debt ceiling, people are waiting to make decisions,” said Natalie Haskins English, senior vice president of public policy for the Charlotte Chamber of Commerce.
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It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.
Tagged with: Atlantic Bay Mortgage Bank of America Charlotte Metro Credit Union Charlotte real estate and banking Charlotte Regional Realtor Association David Stevens Eric Locher government shutdown John Wines Mortgage Bankers Acociation National Association of Homebuilders National Association of Realtors Nicol Morris rick judson Terry FranciscoRead More »