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Bank slip (access required)

Bank slip <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

In the second quarter, Bank of America and Wells Fargo abandoned a combined 197,820 square feet of uptown office space, according to Karnes Research. The good news for tenants is that, according to industry officials, rents haven’t been impacted by the BofA and Wells Fargo vacancies.

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Unsettled: Who’s upset by the $25B 
foreclosure deal and why (access required)

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.

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Appraisers hope for the end of bank-owned AMCs (access required)

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.

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When the financial sector 
needed a lobbyist, 
they called on him (access required)

It was a bit like “Animal House,” except everyone worked on Capitol Hill and toga parties were no longer in fashion. Charlotte native Walter Price and five of his buddies, all recent Davidson College graduates, were renting a big house ...

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