North Carolina

Home sales in the Charlotte, N.C., area are rebounding after taking a major blow from the novel coronavirus pandemic, even as the shortage of homes is worsening.

The Charlotte, N.C., housing market is slowly beginning to recover from the economic downturn of the COVID-19 pandemic, new data from the local real estate association show.

Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs.

As the economic fallout from the novel coronavirus pandemic continues to widen, the Charlotte area housing market saw its largest drop in home sales last month in over a decade.

To address the coronavirus' impact, banks like Truist and Ally and nonbanks like Quicken Loans are assisting communities as well as making adjustments to support their workforce and customers.

The North Carolina company will hold onto the loans after the Fed's decision to slash interest rates.

Home sales were up in all three of the Greensboro-High Point, N.C., metropolitan area's counties of Guilford, Randolph and Rockingham.

A Charlotte, N.C., developer detailed plans to build apartments and commercial space through a federal tax program that has faced scrutiny in recent months.

Wyndham Capital Mortgage realigned its executive suite with the promotions of Ben Cowen to president and Josh Hankins to chief operating officer.

HomeTrust Bancshares in Asheville, N.C., sold a portfolio of residential mortgages as part of a balance sheet restructuring, with plans to sell more.