WASHINGTON — Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter. Freddie Mac said Thursday that it lost $6 billion, or $1.86 per share, in the July-September quarter. ...Read More »
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This month, the Federal Housing Administration’s single-family home loan limits dropped in more than 600 counties across the U.S., including some in the Charlotte area. On its face, it sounds like more grim news for the housing industry: Lower loan ...
Tagged with: Allen Tate Realty Bob Nielsen Fairway Independent Mortgage Corp. Fannie Mae Federal Housing Administration Freddie Mac Lori Bee National Association of Home Builders Olan Carder Terry McDonald The McDonald Group Union County Realtors AssociationRead More »
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 ...
Tagged with: Barack Obama Carolina Multiple Listing Services Charlotte Regional Realtor Association Countryside Properties Daren Blomquist Freddie Mac Jennifer Frontera Jim Kluth Kim Walker RealtyTrac Wanda Smith & AssociatesRead More »
Bank of America Corp. on Thursday said it is splitting its mortgage business into two units, with a new division created specifically to handle foreclosures and discontinued loan products. The bank said the new Legacy Asset Servicing unit will be ...Read More »