Norfolk Real Estate News
Real Estate news for Norfolk, VA continually updated from thousands of sources.
Friday Oct 3 | via The Virginian-Pilot
Former Bank of the Commonwealth president and CEO Edward J. Woodard Jr. leaves the federal courthouse in Norfolk on Friday, May 24, 2013, after being found guilty of conspiracy to commit bank fraud and 10 related counts. His wife, Sharon, is seen in the background. Comment?
Sep 30, 2014 | via The Washington Post
Credigy Ltd., the distressed-debt firm that got its start chasing delinquent credit-card borrowers in the U.S., has moved beyond collecting on bad loans to become one of National Bank of Canada's fastest-growing profit contributors. Credigy, which operates from a suburban office park north of Atlanta, holds almost $1 billion of consumer loans, auto debt and mortgages from the U.S., Brazil, Puerto Rico, Colombia and Spain, and is hunting for more deals in Europe. Comment?
Sep 16, 2014 | via The Virginian-Pilot
The Norfolk Economic Development Authority plans to buy the vacant J.C. Penney store attached to the Gallery at Military Circle a withering mall that is in financial trouble, according to reports. The purchase would be the first step in the city's plans to redevelop a stretch of retail development that lately has failed to live up to its potential. Comment?
Aug 28, 2014 | via Virginia Business
Washington, D.C.-based Love Funding, a major provider of FHA multifamily and health-care financing, has named Ann Bolen its director of originations. Comment?
Aug 15, 2014 | via Philly.com
The Consumer Financial Protection Bureau has forced a retail chain, USA Discounters, to pay $400,000 and a mortgage lender, Amerisave Mortgage Corp., and its owner to pay more than $20 million in refunds and penalties for deceptive charges imposed on service members and home buyers, the agency said this week. Comment?
Wednesday Oct 22 | via Business Journal
Unlike the across-the-board slowdown in Northern Virginia, housing sales across the Potomac remain strong with prices up from a year ago. Comment?
Monday Oct 20 | via Patch.com
The Northern Virginia real estate market experienced some positive trends in September, according to a real estate trends report released Monday by Long & Foster. Here are insights, directly from the report: According to The Long & Foster Market Minute reports, homes across the region are selling in about six weeks or less on average. Comment?
Thursday Oct 16 | via Business Wire
Eagle's proposed acquisition of Virginia Heritage Bank previously received all required regulatory approvals. Subject to the satisfaction of customary closing conditions, the merger is expected to be completed on October 31, 2014. Comment?
Thursday Oct 16 | via Business Journal
In September, Greater Washington had 1.4 percent fewer home sales than last year for a total of 5,607 sales. Comment?
Sunday Oct 12 | via The Washington Post
Mark Loewen and Leo Mick, a Richmond couple, met at college in Virginia and spent eight years building a life there together. But because Loewen was an immigrant without full legal rights, and the two men could not marry without starting over and moving to another state, they faced constant financial, legal and emotional strains. Comment?
13 min ago | via KQED
Chances are good you won't see much more there than you did in the summer of 2008 - just before the financial crisis hit. Average private-sector earnings are $24.53 an hour now, unchanged from 2008, after adjusting for inflation. Comment?
33 min ago | via The Harbor Times Soup
Walk to the shore and all the amenties of Rockland's "South End" from this stately Victorian. Currently a "up & down" two-family, could be returned to a single, or let your tenants make your mortgage payments. Comment?
51 min ago | via Post and Courier
Prosecutors in Charleston have charged a second man in a widespread property-flipping scam that caused $20 million in losses for federally insured mortgage lenders. Steven F. Weiss faces one count of mail fraud, wire fraud and bank fraud, according to a document filed with U.S. District Court this week. Comment?
58 min ago | via Hampton Roads Daily Press
The average price for a gallon of regular unleaded gas in Virginia is the second lowest in the U.S., according to a report released Friday by the AAA. On average, drivers in the Commonwealth are paying $2.78 for a gallon of regular unleaded. Comment?
1 hr ago | via Los Angeles Times
Alisha Chen's job helping Chinese investors buy Southland homes requires being part cultural ambassador, part shrewd property scout, part monetary policy wonk. Above, she checks her listings while checking out a home for sale in Chino. Comment?
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