Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

NEW YORK — Bank of America said it will not buy back bad mortgages from a series of high-profile investors who complained defaults are being handled improperly and homes not being foreclosed upon fast enough. In response to an effort ...

Tagged with: Bank of America

RALEIGH — The committee studying the best way to spend $400 million in federal education money is scheduled to meet in Raleigh. The 26-member Education Transformation Commission is set to have its first meeting today on North Carolina’s share of ...

Tagged with: Beverly Perdue

CHAPEL HILL — The University of North Carolina system is bracing for budget cuts next year that could put hundreds of people out of work. Multiple media outlets report that UNC President Erskine Bowles told the system’s board of governors ...

Tagged with: North Carolina General Assembly

PHOENIX — A subsidiary of Charlotte-based Tree.com that advertised home loans with low initial “teaser rates” without disclosing their risks will pay $1.15 million to Arizona to settle a lawsuit. The state alleged that Irvine, Calif.-based mortgage company Home Loan ...

Tagged with: Tree.com

CHARLOTTE — Possible 2012 presidential candidate Newt Gingrich is visiting North Carolina just a week before Election Day. The former House speaker is scheduled to appear at Myers Park Country Club in Charlotte tonight. He will headline a Republican fundraising ...

RALEIGH — More state government budget reductions next year after cutbacks in 2009 and 2010 could reverse years of health and safety improvements, according to the authors of an annual report grading the well-being of North Carolina’s children. The 16th ...

CONCORD — Jeff Gordon will be sponsored next season by the AARP Foundation’s “Drive To End Hunger” campaign. The four-time NASCAR champion says the sponsorship agreement is for three years. The cause-related sponsorship is the first of its kind to ...

Tagged with: Hendrick Motorsports NASCAR

KNOXVILLE, Tenn. — Dozens of people who say their businesses depend on using coal ash in products such as wallboard and concrete and dozens of others who want coal ash regulated as a hazardous waste are giving regulators an earful ...

Tagged with: Environmental Protection Agency

CHARLOTTE — Aerospace supplier Goodrich Corp. has won a contract worth about $10 million from the United Kingdom’s Defense Ministry to continue supporting instruments on military jets and helicopters, the company said today. Atlantic Inertial Systems, which is based in England ...

Tagged with: Goodrich Corp.

RALEIGH — North Carolina regulators are enforcing a rule that requires the heads of in-state moving companies to provide a criminal background check. The News & Observer of Raleigh reported today that moving companies had until April to submit records ...

Tagged with: North Carolina Utilities Commission