Business briefs, June 18
State awarded $21.5 million in SunTrust settlement
RALEIGH – North Carolina will get $21.5 million for homeowner relief through a national settlement agreement with SunTrust Mortgage Inc., N.C. Attorney General Roy Cooper announced Tuesday.
The award will be used for loan modifications or other relief for homeowners, according to Cooper. Under the agreement, SunTrust must also meet tougher mortgage servicing standards.
Current borrowers with loans serviced by SunTrust can contact the company directly with questions at 800-634-7928 or by email through the support page at www.suntrustmortgage.com.
Also, an estimated 2,449 North Carolinians who lost their homes to foreclosure will be eligible for direct cash payments. Consumers may be eligible for the direct cash payments if their mortgage was serviced by SunTrust, they encountered servicing abuses, and lost their homes to foreclosure from Jan. 1, 2008 through Dec. 31, 2013.
North Carolinians who are eligible for direct relief from the settlement will be contacted by a settlement administrator.
StrikeIron acquired by California-based Informatica
DURHAM – Cary-based company StrikeIron, a web-based company that provides data services including address verification, was acquired by California-based Informatica on Thursday. The financial terms of the deal were not released.
StrikeIron was launched in 2003 by a trio including Richard Holcomb, a serial technology entrepreneur who also co-owns Durham’s Piedmont Restaurant, Coon Rock Farm, and Bella Bean Organics.
Debbie O’Brien, a spokeswoman for Informatica, said StrikeIron and Informatica have had a partnership for the last four to five years. They have complementary technology, she said. StrikeIron provides data as a service, including address verification and the correction of email addresses.
StrikeIron has about 50 employees, she said, while Informatica has more than 3,000 employees. The “vast majority” of StrikeIron’s executives are coming over to Informatica, she said, and there will be no changes for the next few years to the company’s site in Cary.