When the nation’s largest banks, including Bank of America and Wells Fargo, reached a $25 billion settlement with state attorneys general from 49 states this month, some saw it as a way to address the foreclosure crisis. But some say the most remarkable thing about the settlement might be the parts of the foreclosure crisis it ignored.Read More »
When Charlotte-based Bank of America confirmed this month that it's selling two of its Uptown skyscrapers, Hearst Tower and Fifth Third Center, it wasn’t surprising that it stirred speculation about the city’s future as a financial hub. But some say the sale could be a good thing for Charlotte.
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In 2009, about two years after the real estate market started its collapse, a new federal law took effect. The federal Home Valuation Code of Conduct was created to reduce conflicts of interest in the process of appraising homes. Real estate agents and brokers were no longer allowed to order appraisals. Lenders were now in control of doing that, and demand for appraisal-management companies shot up.Read More »
Age: 64 Lives in: east Charlotte Family: wife, Patricia; children, Reagen and Bergen Charlotte has few institutions, but the Arcade Men’s Room might just be one. Cecil Taylor, who started barbering in the early 1970s, bought the shop from George Cook ...Read More »
Qualifying for a loan in today’s economic environment is a daunting task for many. For the Charlotte Knights, it is the next mountain to climb in order for the minor league baseball team to build a new stadium in uptown ...Read More »
A group of investors is opposing a proposed $8.5 billion settlement that Charlotte-based Bank of America Corp. reached last week. The settlement was designed to resolve claims by investors that the bank sold bonds based on substandard mortgages. The bank reached ...Read More »