Two banks that have begun to demonstrate the tell-tale stress signs of banks that banks who eventually are closed by the Fed typically demonstrate; Four Oaks Bank & Gateway Bank (Hampton Road Bank). Both Banks are sustaining significant losses in …

Two Raleigh Area Banks on the ropes Read more »

About the only thing I call myself an expert in these days is Mortgage Banking but when I see investors willing to lay out $55 Million to build luxury apartments in Raleigh, well that tells me they think that there is a …

Experts predict rents will rise rapidly in Raleigh Read more »

As if we needed another reason to be optimistic about the economy and overall health of things to come in Raleigh / Cary North Carolina, yet we keep getting reports like this; HCL’s Cary center adding 200 employees Triangle Business Journal …

HCL’s Cary center adding 200 employees Read more »

FHA – Requires terms of withdrawal on all 401K funds that are provided even if the funds are not being used or withdrawn at closing. Generally these terms are available for download from an HR Web Portal.  Persons employed by …

Underwriting Tip – Verification of 401(k) funds Read more »