Articles in regional publications that pertain to a wide range of North Carolina-related topics.
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for Independent Weekly Vol. 25 Issue 11, March 2008
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Abstract:
North Carolina is preparing for a 20% increase in foreclosures this year. The state has little power to regulate banks which operate out-of-state which operate under national bank charters. The state has recently started a number of initiative to curb the crisis including new laws on fraudulent lending, more assistance consumers to negotiate loan payments, and additional safeguards for homeowners whose houses go into foreclosure.