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 (AP) — Goldman Sachs said Thursday it will pay roughly $5 billion to settle federal and state probes of its role in the sale of shoddy mortgages in the years leading to the housing bubble and subsequent financial ...

Tagged with: mortgage

FRESNO, Calif. (AP) — Historic hotels and other beloved landmarks at Yosemite National Park will soon undergo a name change in a multi-million dollar tussle over who owns rights to the original names. The Ahwahnee, a luxurious stone and timber ...

PORT ST. LUCIE, Fla. (AP) — Port St. Lucie, a disparate series of residential developments and strip malls, had little to boast beyond its proximity to a nuclear plant and its fame as the spring training home of the New ...

WASHINGTON (AP) — The Treasury Department will begin tracking sales of high-end real estate in two of the country’s most expensive markets — Miami and Manhattan — to try to crack down on money laundering. The department’s Financial Crimes Enforcement Network ...

Tagged with: real estate

WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week amid continued turbulence in global stock markets. It was the second straight weekly decline for the rate on the key 30-year loan. Mortgage buyer Freddie Mac says the average ...

Tagged with: 30-year home mortgage rate

LITTLE ROCK, Ark. (AP) — Jurors in the capital murder trial for an Arkansas man accused of kidnapping and killing a real estate agent heard vastly different theories Wednesday, with prosecutors describing a brutal killing and the defense claiming the ...

Tagged with: real estate agent

WASHINGTON (AP) — Average long-term U.S. mortgage rates were mixed this week, with the key 30-year rate slipping back under the 4 percent mark. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage declined to ...

Tagged with: mortgage

NEW YORK (AP) — KB Home on Thursday reported a worse-than-expected fiscal fourth-quarter profit, blaming harsh weather in some parts of the country and labor shortages for weaker deliveries of homes. Its shares dropped almost 8 percent in premarket trading. ...

WASHINGTON – Even though the Federal Reserve voted unanimously to raise a key interest rate last month, some policymakers viewed their decision as a “close call” given on-going concerns about stubbornly low inflation. Going forward, officials believed economic conditions will ...

Tagged with: Federal Reserve interest rates

MYRTLE BEACH, S.C. – Business owners in the so-called “Superblock” in Myrtle Beach say that any new zoning changes should be designed to revitalize the area. The area is the older section of Myrtle Beach’s downtown where U.S. 501 meets ...

Tagged with: Myrtle Beach