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north carolina mortgageTriangle Business Journal - The mortgage lending arm of Ryland Homes has run afoul of North Carolina regulators. The North Carolina Office of the Commissioner of Banks says Ryland Mortgage has charged borrowers excessive fees and used unlicensed mortgage brokers. As part of a ... Read more
Ryland settles with state on mortgage-lending allegationsLos Angeles Business Journal - Ryland Group Inc. has been fined by the North Carolina banking commissioner's office for allegedly employing unlicensed loan officers and charging borrowers excessive fees. The Wall Street Journal reported that Ryland’s affiliated mortgage company ... Read more
Ryland Fined for Lending PracticesInternational Herald Tribune - ... among them were New Century Mortgage Corp., WMC Mortgage Corp., Fremont Investment & Loan, and Argent Mortgage Co. The survey focused on lending to minority urban markets in New York, Los Angeles, Chicago, Boston, Cleveland, Charlotte, North Carolina ... Read more
Report: Minority US neighborhoods have disproportionate burden of ... Atlanta Journal Constitution - While Georgia ranked seventh nationwide in foreclosures in January, North Carolina ranked 25th. With their track record, mortgage industry lobbyists should be given all the credibility of drunken drivers testifying in favor of lighter DUI penalties. Read more
OUR OPINIONS: A debt to payMiami Herald - Battling a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke called Tuesday for additional relief and urged lenders to help distressed owners by lowering the amount of their loans. "This situation calls for a vigorous ... Read more
Fed chief: Mortgage crisis to continueNews 14 - Shappert, U.S. attorney general of western North Carolina, says mortgage fraud is not limited to a particular group. “It does have a cascading effect on a community, and as we're seeing, it has a cascading effect on the national economy," she said. Read more
Mortgage fraud cases on the riseBloomberg - The indexes create a ``downside speculative bubble,'' Schultz, head of asset-backed securities and non-conforming mortgage research at Charlotte, North Carolina-based Wachovia, said in a telephone interview. ``The credit indexes have driven prices ... Read more
Markit May Create Index Tied to Auto-Loan Securities (Update2)Bloomberg - ... may need additional capital from outside investors as losses stemming from the collapse of the U.S. subprime mortgage ... Both companies are based in Charlotte, North Carolina. Arab states led by Qatar, Kuwait and the United Arab Emirates, which ... Read more
Citigroup May Need Cash as Losses Mount, Dubai Says (Update3)Miami Herald - Troubled mortgage lender Countrywide Home Loans has come under fire for its actions in bankruptcy court in South Florida. ... Courts in North Carolina, Pennsylvania and Taxas have assessed punitive damages on Countrywide for its ''egregious'' conduct in ... Read more
Lawsuits add to lender's troublesGreenwich Time - In an essay about the home loan crisis, Andrea Harris, president of the North Carolina Institute for Minority Economic ... Find a Mortgage • ... Read more
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