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Bank of America

Jul 31, 2014

US judge slaps $1.3B fine on Bank of America

NEW YORK  — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie […]

Jul 21, 2014

Let the sunshine in: Habitat Charlotte installing nine solar energy systems

CHARLOTTE – Habitat Charlotte is trying out the solar system. The city’s chapter of Habitat for Humanity International announced it is installing solar energy systems on nine of its affordable […]

Jun 4, 2014

Grandmother receives a free home in Charlotte

Patricia Shines thought she was buying her home through a veteran’s homebuying program. Instead, she received the four-bedroom, two-bath, 1,660-square-foot house mortgage-free courtesy of the Nehemiah Community Reinvestment Fund and […]

Mar 19, 2014

Monitor: Big banks satisfy mortgage settlement

WASHINGTON  — The nation’s four biggest banks slashed billions of dollars from mortgages and other debts, enough to satisfy their obligations under a national mortgage settlement that stemmed from so-called […]

Jan 27, 2014

BofA recovery still hounded by Countrywide buy

DEAR MR. BERKO: In 2008, you recommended Bank of America‘s 7.25 percent convertible preferred stock at $720 a share. It yielded 10 percent, and you said it was a safe […]

Jan 6, 2014

Mortgage changes debut

Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for […]

Dec 27, 2013

Wilmington man insists his mortgage was forgiven

Daniel Bailey Jr. hasn’t paid his mortgage in five years and the Wilmington resident isn’t about to start now. That’s because Bailey says he struck a special agreement with Countrywide […]

Dec 2, 2013

Bank of America to pay Freddie Mac $404 million

CHARLOTTE — Bank of America will pay $404 million to mortgage buyer Freddie Mac to settle all remaining claims over home loans sold in the previous decade. The Charlotte, N.C., […]

Oct 24, 2013

Bank of America to cut 3,000 mortgage jobs

Bank of America will cut roughly 3,000 jobs by the end of the year as the number of refinancing applications and troubled loans has fallen. It is part of larger […]

Oct 14, 2013

Buildings spring up in The Park: Huntersville mixed use center revived following recession

Rooftops+Recovery+Recent Hospital Expansion=Commercial Real Estate Revival. That appears to be formula at work in The Park-Huntersville – and its joined-at-the hip spin-off, the Gilead Center – where seven new construction projects are underway or in the pipeline.

Oct 10, 2013

Panelists outline challenges, opportunities for women in business

While the federal government shutdown is not having a direct impact on Charlotte businesses, it is creating uncertainty in the business community, according to panelists at The Mecklenburg Times Women’s Business Breakfast Forum. “With the shutdown and debate about the debt ceiling, people are waiting to make decisions,” said Natalie Haskins English, senior vice president of public policy for[...]

Oct 8, 2013

Government shutdown: Impact small so far on Charlotte housing, banking

It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.

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