The government filed in federal court Monday a $25 billion settlement with the five largest mortgage lenders, putting an official stamp on the landmark agreement over alleged foreclosure abuses.Read More »
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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 »
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 »
Thanks to uncertainty over how condo owners could be affected, a plan by a Wells Fargo subsidiary to rezone Emerald Green Village in Mooresville is in limbo. The subsidiary, Redus NC-All LLC, wants the zoning changed so that, instead of ...Read More »
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 ...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 »
The foreclosure crisis is bad news for some. But for at least a few Charlotte-area contractors, it’s salvation. Despite a housing slump, some contractors in Charlotte are keeping their businesses afloat repairing and maintaining foreclosed homes, which angry owners often ...
Tagged with: Bank of America Corp. Benham Real Estate Group David Benham Griffin Homes Half Moon Construction Kindberg Contract Services Michael Foess Old Towne Development Property Masters T.D. Feeney Construction Tim Feeney Wells FargoRead More »
(Editor’s note: Part four of a five-part occasional series on the top cities that Charlotte competes with.) This year, Charlotte and Tampa, Fla., got some major convention news. The Queen City found out that it is going to be the ...
Tagged with: Bill McMillian Charlotte Chamber of Commerce Charlotte Regional Visitors Authority Christa Williams Democratic National Convention Harrison Campbell Mark Vitner Tony Crumbley Visit Charlotte Wells FargoRead More »
It might seem counterintuitive, but a group of local business leaders is trying to bring a Bangladesh-owned bank to Charlotte, the banking capital of the South. Grameen Bank of Bangladesh specializes in giving small loans to poor people to help ...
Tagged with: Carol Hardison Carolina Legal Staffing Crisis Assistance Ministry Grameen Bank Joe Mynatt John Lassiter Judson Russell Kiva Leon Levine Foundation Muhammad Yunus Red F Marketing Sara Garces Tony Plath Wells FargoRead More »