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Bank of America settlement questioned
senator are calling for an investigation into Bank of America settlement with mortgage giant Fannie Mae in a dispute involving $1.4 trillion in loans.
The bank and Fannie Mae announced Monday that they had reached an accord that would have Bank of America pay $3,[link widoczny dla zalogowanych].6 billion in cash and buy back $6.75 billion in loans from the mortgage giant,[link widoczny dla zalogowanych]. The two had been battling over a large pool of loans sold to Fannie by Countrywide Financial Corp,[link widoczny dla zalogowanych]. between 2000 and 2008,[link widoczny dla zalogowanych]. Bank of America purchased the subprime lender in 2008.
The agreement released Bank of America from future claims on the loan pool,[link widoczny dla zalogowanych], which carried an original principal amount of $1.4 trillion but had an unpaid balance of about $300 billion. The Federal Housing Finance Agency, which regulates Fannie Mae,[link widoczny dla zalogowanych], said the deal was in the best interest of taxpayers. The government took Fannie and Freddie Mac under conservatorship during the financial crisis and has used federal money to cover losses.
Public Citizen says the price Bank of America paid was too cheap for the volume of loans involved,[link widoczny dla zalogowanych], according to a letter the organization sent to the Office of Inspector General in the Federal Housing Finance Agency.
of this deal demand careful scrutiny, the letter says. It asks the office to look into how the Federal Housing Finance Agency determined the agreement was best for the public.
are in receipt and are reviewing it now,[link widoczny dla zalogowanych], Federal Housing Finance Agency spokeswoman Kristine Belisle said. Sen. Robert Menendez, a Democrat from New Jersey, also weighed in Thursday with the same concerns. to allow bay scallop harvest in Bogue Sound area
For the first time since a 2006 moratorium on bay scallop fishing,[link widoczny dla zalogowanych], fishermen can harvest bay scallops in Bogue Sound and inner coastal waters south to the South Carolina state line starting next week.
Carlie C's IGA to replace Kroger store in Southeast Raleigh
The Dunn company hopes to open a supermarket and pharmacy at the New Bern Avenue store as early as February 6,[link widoczny dla zalogowanych]. It would be Carlie C first store in Raleigh,[link widoczny dla zalogowanych].
Insurers asking more NC homeowners for permission to raise their rates
Once a rarity, in recent years the volume of North Carolina homeowners receiving consent-to-rate requests has mushroomed,[link widoczny dla zalogowanych], experts say. State law allows insurers to charge rates above and beyond that maximum if a policyholder agrees by signing a to rate form.
LipoScience revives IPO plans
Medical diagnostics company LipoScience is reviving its plans for an initial public offering of common stock but scaling back the amount of money it hopes to raise from investors. In documents filed with the SEC,[link widoczny dla zalogowanych], the Raleigh-based company reported it anticipates selling 5 million shares of stock at between $13 and $15 per share.
State unemployment rate ticks up to 9.2 percent
The state jobless rate ticked up in December after falling for three consecutive months. North Carolina seasonally adjusted unemployment rate rose one-tenth of a percentage point to 9.2 percent, the state Division of Employment Security reported Friday.
New stores coming to Crabtree Valley Mall
The new stores opening at Raleigh Crabtree Valley Mall include The Art of Shaving, Aerosoles,[link widoczny dla zalogowanych], The Body Shop,[link widoczny dla zalogowanych], Tinderbox and Cinnabon. A federal judge shredded the 116-page agreement in less than 30 minutes on Thursday.相关的主题文章：

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