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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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The foreclosure crisis isn’t bad for everyone (access required)

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 ...

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The Queen City tries to extinguish the Cigar City’s allure (access required)

(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 ...

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