Raleigh Mortgage News

Lane shift will be permanent on I-40 in Raleigh
RALEIGH, N.C. (AP) — Some lanes will be closed on Interstate 40 in Raleigh on Sunday as transportation workers make a temporary lane shift permanent. A lane had been temporarily shifted on I-40 West at the Clayton Bypass since September to determine if it improved traffic flow.

NC's Miller expresses doubts on mortgage deal
RALEIGH, N.C. (AP) — North Carolina Rep. Brad Miller says he has doubts a proposed settlement with Bank of America, Wells Fargo and other major mortgage lenders will hold banks accountable for practices that forced thousands of homeowners out of their homes.

Paul Rossi Joins Capital Bank as Consumer Risk Executive
RALEIGH, N.C. , Jan. 9, 2012 /PRNewswire/ -- Capital Bank, N.A. today announced the appointment of Paul Rossi as Consumer Risk Executive in Raleigh, North Carolina . Rossi will lead the risk effort for ...

NC to allow roadside trees cut for billboard views
RALEIGH, N.C. (AP) — Newly approved rules are giving billboard companies a break, allowing them to expand the view by cutting down many more trees without having to replace them.

PNC details cuts to RBC's Raleigh, Rocky Mount workforce
PNC Financial Services Group plans to eliminate 196 positions in Raleigh and 425 in Rocky Mount as a result of its acquisition of RBC Bank. In Raleigh, where the company employs about 500, the cuts include 136 positions at RBC’s downtown headquarters and another 60 at its offices in North Raleigh.

RBC Bank cuts loom in merger
PNC Financial Services Group could eliminate more than 600 jobs in Raleigh and Rocky Mount as a result of its acquisition of RBC Bank.

With Perdue out, Dalton to run for governor
RALEIGH, N.C. (AP) — North Carolina Lt. Gov. Walter Dalton is all in for succeeding fellow Democrat and Gov. Beverly Perdue. Dalton announced Thursday he'll run for governor now that Perdue announced earlier in the day she's not seeking a second term.

Pedestrian killed crossing Raleigh street
RALEIGH, N.C. (AP) — Raleigh police say they are looking for the driver of a pickup truck that struck and killed a pedestrian on New Year's Day and drove off.

Perdue brushes off N.C. Senate leader’s debate pitch
RALEIGH – Gov. Bev Perdue has dismissed an invitation by legislative leaders to debate her sales tax increase proposal, calling it a political stunt.