Desperate to sell empty lots in a foreclosed subdivision, a group of lenders turned to a marketing company that made big promises and had the references to back them up. But those references turned out to be fake and the ...
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RALEIGH – Standard and Poor’s will pay $21.5 million to North Carolina to resolve the Attorney General’s state lawsuit claiming the company inflated ratings for risky securities and misrepresented its objectivity before the 2008 financial crisis, Attorney General Roy Cooper ...
Tagged with: Standard & Poor's
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CHARLOTTE – Five people were sentenced this month for their roles in real estate and financial fraud activities that were uncovered in the massive federal investigation dubbed Operation Wax House, the U.S. Attorney’s Office in Charlotte announced Thursday. Most recently, ...
Tagged with: Operation Wax House U.S. Attorney's Office
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CHARLOTTE – A panel of real estate specialists said Monday that Charlotte can expect to see recent job, population and economic growth continue, especially if the banking industry starts generating more jobs. “If banking gets going, Charlotte could be looking ...
Tagged with: Trinity Capital Advisors
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In what may prove to be a controversial move, the Federal Housing Financing Agency has directed Fannie Mae and Freddie Mac to alter their policies on the sale of some 121,000 foreclosed properties in their portfolios. But just how many ...
Tagged with: Fannie Mae Federal Housing Finance Agency Freddie Mac Mel Watt
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CHARLOTTE – GoodSports Enterprises is moving along in its attempts to find financing for its part of the proposed amateur sports complex near Bojangles Coliseum. The Sarasota, Fla.-based company is looking at possible equity partnerships and will update the city ...
Tagged with: Bojangles Coliseum GoodSports Enterprises
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Charlotte area foreclosures were up in the third quarter compared to the second quarter – as well as the third quarter of 2013, according to RealtyTrac. In monthly comparisons, the number of homes in some stage of foreclosure was down ...
Tagged with: Daren Blomquist foreclosures RealtyTrac
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Kurosh Mehr of Charlotte was found guilty Wednesday by a federal jury for his role in a massive mortgage fraud conspiracy that has so far ensnared 91 defendants, according to the U.S. Attorney’s Office in Charlotte. Mehr, 53, was charged ...
Tagged with: mortgage fraud Operation Wax House
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Foreclosure filings increased locally and around the state in August when compared with a year ago, according to data released by RealtyTrac, a national real estate analytics firm. And nationally, the number of homes scheduled for foreclosure auction rose compared ...
Tagged with: foreclosures RealtyTrac
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CHARLOTTE – A Hickory man was sentenced this week to 30 months in federal prison for his role in a mortgage and consumer fraud scheme involving the sale and financing of manufactured and modular homes throughout North Carolina. Roger Dean ...
Tagged with: Federal Housing Administration
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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
