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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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A foreign bank to fill a void through microlending (access required)

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 ...

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Cashing in (access required)

Hold onto your wallet. It might be an antique in a few years. The world of online banking is not new, but now three of the industry’s biggest players, including Charlotte-based Bank of America, have joined forces to make money ...

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NASCAR still trying to recover after collision with downturn (access required)

For those who haven’t noticed, there are a few extra NASCAR fans in town this week. With Charlotte Motor Speedway hosting the All-Star Race last weekend and the Coca-Cola 600 set for Sunday, hotels are packed, roads are jammed and ...

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