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Mortgage

YMCA celebrates being mortgage free

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videoThe Wilmington Family YMCA celebrated the fact that they are now mortgage free with an ice cream social and shredding ceremony. Full story...
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HUD chief talks mortgages at NC conference

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The Obama administration is pressing its case for reforming the country's home-loan industry while preserving the fixed-rate, 30-year mortgages distinctive to the American housing scene. Full story...
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NC banking regulator overseeing US mortgage deal

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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...
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States, banks reach foreclosure-abuse settlement

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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...
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TROUBLESHOOTERS: Unexpected insurance hike threatens elderly woman's home

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video If your property taxes and insurance are held in escrow, you may want to keep a close eye on it. A Hampstead woman contacted us on behalf of her elderly mother, who was in danger of losing her home because her homeowner's insurance doubled, and she never knew it. Full story...
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Bank of America settles mortgage suit for $315 million

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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...
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Bank of America in $8.5B mortgage settlement

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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...
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FIRST ON 3: Twenty percent of Wilmington homeowners "upside down" on their mortgage

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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...
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FIRST ON 3: Wells Fargo/Wachovia shutting down Mortgage Servicing Ctr.; Lays off 259

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Wells Fargo/Wachovia announced today it is shutting down its retail fulfillment and retail sales center on Parker Farms Drive in Wilmington. Full story...
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