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Tag Archives: charlotte

Bank of America misses estimates as income falls 39 percent

NEW YORK — Bank of America Corp.’s first-quarter income fell 39 percent on higher costs related to its mortgage business and higher litigation expenses. The bank also settled a claim over faulty mortgage investments and set aside less money to ...

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Falling home prices are battering previously safe cities

A second wave of falling home prices is battering some cities that had escaped the worst of the housing market bust. Prices in Seattle, Charlotte, N.C., and Portland, Ore., have hit their lowest points since peaking in 2006 and 2007. ...

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Bank of America to take $2B charge to settle home loan claims

NEW YORK — Bank of America Corp. reached a $2.8 billion settlement with Fannie Mae and Freddie Mac over claims that one of its businesses sold bad mortgages. The payment is far lower than analysts expected and removes some uncertainty ...

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