Michael Williams, the CEO of Fannie Mae, won me over this week when, while testifying on Capitol Hill about big fat Fannie executive bonuses and multimillion-dollar salaries, he said this: “These are challenging jobs under challenging circumstances and we need to pay and reward the people who are doing the jobs.” The “challenging jobs under [...]
PHOENIX — The Obama administration’s top housing official touted the government’s efforts to stabilize neighborhoods hard hit by foreclosures during a visit to a Phoenix neighborhood Thursday. U.S. Housing and Urban Development Secretary Shaun Donovan visited two homes bought out of foreclosure, rehabilitated and put back on the market for sale to families by a [...]
Between banks and NASCAR, corporate jets regularly cast their shadows on Charlotte’s landscape. With 237 private and company planes based at facilities in Mecklenburg County, the impact of such aircraft on the county last year was about $110 million, according to county estimates. “We have a lot of traffic in jets,” said Richard Lewis, director [...]
Jim Kluth remembers in the 1980s when real estate agents, hoping to get first dibs on foreclosed properties, would hang around the Mecklenburg County Courthouse and regularly dig through public records looking for new foreclosure filings. Today, such information is more readily available and accessible, thanks to the Internet. But Charlotte-area experts say the glut [...]