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
Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities.
Read More »Justice unit to probe mortgage-backed securities
Vitner: Forecast cloudy for homebuilding in 2012 
On Wednesday, Mark Vitner, managing director and senior economist for Wells Fargo, was the featured speaker for a “State of the Charlotte Commercial Real Estate Market and Outlook” forum. But most of his presentation ended up being focused on the ...
Tagged with: Fannie Mae Freddie Mac Mark Vitner
Read More »MUMPO membership will change in 2012
The membership of the Mecklenburg-Union Metropolitan Planning Organization, or more commonly referred to as MUMPO, is likely to change early this year as the U.S. Census prepares to release new maps detailing the country’s urbanized and soon-to-be urbanized areas.
Read More »Charlotte-area foreclosures rise 6.9 percent in December
Foreclosure filings in the Charlotte-Gastonia-Concord area went up by about 6.9 percent to 1,181 filings from November to December, and the overall number is up about 8.1 percent from December 2010 when there were 1,092 filings.
Tagged with: Foreclosure RealtyTrac
Read More »Documents show how Fed missed the housing bust
WASHINGTON — Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation’s economy could pull off a “soft landing” from falling home prices. Three months later, Bernanke had begun to grasp that he ...
Tagged with: Fannie Mae Federal Reserve Freddie Mac
Read More »259-unit apartment complex planned
Daniel Levine and his family can’t seem to resist the pull of Monroe Road. He developed McAlpine Business Park on Monroe Road, the Galleria shopping center at Galleria at Sardis and Monroe roads and, nearby, Galleria Village Apartments. Monroe Road’s ...
Tagged with: Daniel Levine Family Dollar Stores
Read More »CEO who led Fannie after gov’t takeover to quit
WASHINGTON — The executive who was appointed to lead mortgage giant Fannie Mae in 2009 after the federal government seized the company plans to step down as its CEO. Michael J. Williams announced Tuesday he will continue as CEO and ...
Tagged with: Fannie Mae Freddie Mac
Read More »Georgia Senate committee OKs bill to cap foreclosure fees
ATLANTA — A Senate committee has approved a bill that establishes statewide guidelines for foreclosure registries and would cap the fees cities and counties charge owners of foreclosed properties.
Tagged with: Foreclosure
Read More »School’s In: Construction training popular in tough job market
Steve Corriher says recessions are ironic times for the Construction Technology Division at Central Piedmont Community College’s Harper campus.
Tagged with: Central Piedmont Community College
Read More »Foreclosure rates up in Charlotte area
Foreclosure rates in the Charlotte-Gastonia-Rock Hill area increased in October to 3.49 percent of outstanding mortgage loans from 2.38 percent the same month in 2010, Santa Ana, Calif.-based CoreLogic said last week.
Tagged with: Charlotte Foreclosure
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