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Mortgage lender expands into Charlotte (access required)

Mortgage lender Angel Oak Home Loans is opening multiple branches across North Carolina, in Charlotte, Cary, Raleigh and Wilmington. The Atlanta-based company says it is expanding here because the N.C. housing market is experiencing rapid growth in sales and construction. ...

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Millions of homeowners remain underwater on mortgages (access required)

As of Sept. 1, 10.7 million residential homeowners in the U.S. are deeply underwater on their mortgages and another 8.3 million homeowners are just about staying afloat. According to a report released on Wednesday by RealtyTrac, an Irvine, Calif.-based real estate analytics firm, the 10.7 million homeowners who are deeply underwater to begin this month – meaning they owe 25 percent or more on their mortgage than what their home is worth – is down from the 11.3 million deeply underwater homeowners reported in May.

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