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The Tale of a House, and an Entire Market
They are joined in that belief by a vast majority of Americans; lending for home purchases rose from a low of $404 billion in 2011 to an estimated $652 billion last year, according to the Mortgage Bankers Association. But while Americans still want to

Real Estate Industry Wary ahead of New Mortgage Rules
“This definitely affects the lower-income borrower, by far,” says Janet Gaglione, president of the Charlotte (N.C.) Regional Mortgage Lenders Association. “We're going to have very strict guidelines. This law is trying to make every lender accountable

Habitat for Humanity worries new lending law will hurt poor
Habitat for Humanity worries new lending law will hurt poor Charlotte, N.C., Habitat President Frank Spencer testified before Congress on Tuesday that the nonprofit wouldn't be able to assist as many families if it's held to new standards under the Dodd-Frank Act. The new rule, known as the “qualified mortgage

Habitat Says Lending Regulations Hinder Housing Nonprofits
Frank Spencer, president of Habitat's Charlotte, N.C., chapter, detailed the impact on his group of holding nonprofits to the “qualified mortgage” rule adopted under the 2010 Dodd-Frank Act, which aims to prevent some of the risky lending practices

Charlotte North Carolina Houses for Sale - A Good Idea

Looking for Charlotte North Carolina Houses for Sale? Good! You should be. With an abundance of inventory and rates that are crazy, it is a ...

Here's why buying a house in Charlotte could be a big challenge this spring

Home buyers in Charlotte this spring are facing a tough market, with fast-rising prices and plummeting inventory.

That's according to the latest figures from the Charlotte Regional Realtor Association. But in spite of the market's problems, demand appears to be strong, and the number of homes sold is expected to rise this year.

Charlotte is experiencing the same shortage in the number of homes for sale that has beset cities nationwide. Home building that's well below historical norms, Wall Street-backed rental companies buying single-family houses and a focus on the luxury market from homebuilders have all combined to make entry-level housing especially scarce.

“Despite the challenges the Charlotte region continues to face surrounding inventory levels and price increases, we’re pleased to see positive year-over-year sales during the first two months of the year," said CRRA president Jason Gentry. "Buyer demand continues to be steady, and we saw homes average about 10 showings per listing in February.

Bank of America launches Digital Mortgage Experience

CHARLOTTE, N.C. (BUSINESS WIRE) — Bank of America’s Digital Mortgage Experience, launched this week, seamlessly guides clients through the mortgage process via the bank’s mobile banking and online platforms.

With advanced application prefill capabilities, clients can apply for a mortgage through the mobile banking app or at and immediately have many aspects of their mortgage application auto-populated, significantly reducing time and effort. In many cases, clients will receive a conditional approval the same day.

“Everything we do starts and ends with clients, and the Digital Mortgage Experience is designed to make their lives simpler,” said D. Steve Boland, head of consumer lending at Bank of America. “Our new end-to-end experience empowers clients with complete convenience and control, while also offering unique access to lending experts every step of the way.”

The new experience responds to the growing demand and increasing comfort consumers have with using digital tools in every aspect of their lives – from managing finances to dating.

Which are the best mortgage lenders for new homes in Charlotte, NC?

I'm looking to purchase a house in Charlotte, NC, and I would appreciate guidance as to the best mortgage lenders (best rates, most dependable).

Ted blog.