Charlotte north carolina Mortgage News

UNC Charlotte site for huge water balloon fight
CHARLOTTE, N.C. (AP) - Instead of a beer bash, a church on a North Carolina college campus is getting ready for a water war. The Charlotte Observer reports that the University of North Carolina at Charlotte is hosting a water balloon fight Wednesday evening.

LendingTree.com Weekly Mortgage Rate Pulse Reveals Average Rates Fall to 4.45 Percent
CHARLOTTE, N.C., Aug. 25 /PRNewswire/ -- Average mortgage rates fell this week, according to the LendingTree Weekly Mortgage Rate Pulse, a snapshot of the lowest and average mortgage rates available within the LendingTree network of lenders. On August 24, lenders on the LendingTree network offered mortgage rates as low as 4.0 percent (4.13% APR) for a 30-year fixed mortgage, 3.5 percent (3.74 ...

Banks May See Mortgage Refunds Wane, Oppenheimer Says
Bank of America Corp., JPMorgan Chase & Co. and four more of the largest U.S. home lenders face $7.4 billion of losses over the next year tied to mortgage repurchases, less than some analysts have predicted, according to Oppenheimer & Co.

New NC school program will reward all employees
SANFORD, N.C. (AP) - Everyone from custodians to the principal will share in an award for best-performing elementary school that a North Carolina system plans to launch.

Innkeepers, Oriental Trading, Fulton, Arrow Air, Magic Brands: Bankruptcy
The official creditors committee for Innkeepers USA Trust was authorized by the bankruptcy judge yesterday to conduct an investigation into the formation and financing of the real estate investment trust owned by Apollo Investment Corp.

Wells Fargo Builds CMBS Business Once Led by Wachovia
Wells Fargo & Co. is plunging back into the commercial mortgage-backed securities market that helped fell Wachovia Corp., the bank it bought in 2008 for $12.7 billion.

MIG, W Hotel New York, Neff, Spheris, Taylor Bean, Cynergy: Bankruptcy
MIG Inc. , the indirect owner of 47 percent of the leading telecommunications provider in the Republic of Georgia, reached a settlement with the creditors committee that resulted in the approval of a disclosure statement on Aug. 19.

Former Beazer executive faces federal charges
A former Beazer Homes USA executive could face jail time and hefty fines after federal prosecutors indicted him on charges ranging from securities fraud to witness tampering to making false statements to Wachovia.

Taxes, schools and jobs: Commissioner candidates weigh in
The candidates were all Republicans, but the two incumbents and four challengers had a lot to tell voters.