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MortgageNC banking regulator overseeing US mortgage dealSubmitted by WWAY on Thu, 02/09/2012 - 5:31pm.READ MORE:
North Carolina's long-time banking commissioner is the choice of America's big banks and attorneys general to make sure a $25 billion settlement over widespread mortgage abuses is carried out.
Full story... » States, banks reach foreclosure-abuse settlementSubmitted by WWAY on Thu, 02/09/2012 - 1:23pm.READ MORE:
North Carolina communities will benefit from millions of dollars to help struggling homeowners facing foreclosure, as well as more housing counselors, financial fraud investigators and prosecutors, and stronger mortgage standards.
Full story... » TROUBLESHOOTERS: Unexpected insurance hike threatens elderly woman's homeSubmitted by Marcy Cuevas on Wed, 01/18/2012 - 7:00pm.READ MORE:Bank of America settles mortgage suit for $315 millionSubmitted by WWAY on Tue, 12/06/2011 - 12:37pm.READ MORE:
Bank of America has agreed to pay $315 million to settle claims by investors that they were misled about
mortgage-backed investments sold by its Merrill Lynch unit.
Full story... » Bank of America in $8.5B mortgage settlementSubmitted by WWAY on Wed, 06/29/2011 - 9:03am.READ MORE:
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
Full story... » FIRST ON 3: Twenty percent of Wilmington homeowners "upside down" on their mortgageSubmitted by WWAY on Tue, 06/07/2011 - 8:09am.READ MORE:
In Wilmington, 20.40 percent, or 14,608, of all residential properties with a mortgage were in negative equity for first quarter 2011. An additional 6.30 percent, or 4,519, were in near negative equity.
Full story... » FIRST ON 3: Wells Fargo/Wachovia shutting down Mortgage Servicing Ctr.; Lays off 259Submitted by WWAY on Wed, 03/23/2011 - 12:03pm.READ MORE:
Wells Fargo/Wachovia announced today it is shutting down its retail fulfillment and retail sales center on Parker Farms Drive in Wilmington.
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