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Monthly Archives: July 2012

Fannie, Freddie chief’s rejection of mortgage reductions has bankers smiling

  Fannie Mae and Freddie Mac won’t be taking part in the Obama administration’s home mortgage principal reduction program. That’s bad news for underwater homeowners but cause for rounds of high-fives among executives in the nation’s financial sector. The setback for homeowners came Tuesday when Federal Housing Finance Agency Acting Director Ed DeMarco bowed to pressure from Wall Street and ...

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Winschel retiring from Vicksburg National Military Park

VICKSBURG — Terry Winschel came to Vicksburg for a job and says he found a home. Winschel was a 22-year-old seasonal ranger just a few months out of college when he reported to the Vicksburg National Military Park in 1977. This week he will retire, after 35 years in federal service, most of it spent at the VNMP, where he ...

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Hearing delayed on charge against Southaven mayor

HERNANDO — A hearing for Southaven Mayor Greg Davis on charges that he unlawfully passed a school bus in a private vehicle has been continued. Davis was to appear in DeSoto County Justice Court Tuesday, but he and his attorney, Steve Farese, said Monday both sides had agreed to continue the matter. A new date has not been set. The ...

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Southern Baptist leaders call on Crystal Springs church and pastor to reject racism

JACKSON — Southern Baptist leaders called Monday for a Mississippi church to reject racism after some congregants prevented a black couple from getting married there. Leaders of the Mississippi Baptist Convention and the Southern Baptist Convention said Monday that preventing Charles and Te’Andrea Wilson from marrying at First Baptist Church of Crystal Springs was wrong. Baptist churches are autonomous, so ...

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Recent rains helped, but soybean crop still needs moisture

ACROSS MISSISSIPPI — Agriculture experts at Mississippi State University say Mississippi’s soybean crop needs more moisture to complete what has at times been a dry season. Mississippi State’s University Extension Service says recent rains, along with irrigation, have helped after a dry spell in June. “We are thankful for the rain that we’ve received this growing season, and we all ...

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FedEx Ground to build distribution center in Pine Belt

HATTIESBURG — FedEx spokeswoman Erin Traxal says FedEx Ground plans to build a 48,000-square-foot distribution center in Hattiesburg. She tells The Hattiesburg American people currently working in Hattiesburg will move to the new, bigger station, which will add jobs as needed. The current facility has more than 20 full- and part-time employees. Traxal says the new facility is part of ...

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Officials extend bidding deadline for Coast marina project

BAY ST. LOUIS — The deadline for bids on the Bay. St. Louis marina project has been extended to Aug. 8. Officials tell the Sea Coast Echo the two-week extension was granted so other interested contractors could bid on the project. Engineers say 71 bid packets have been sent out. The entire project, including the harbor, reconstruction of the Jimmy ...

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Cal-Maine's profits soar; Baker replacing Adams as chairman

JACKSON — Egg producer Cal-Maine Foods says its net income grew more than five-fold in its fiscal fourth quarter as it produced and sold more eggs in the period on stronger consumer demand and got a lift from a one-time gain related to a joint venture. Cal-Maine said its average selling price rose 9.7 percent for the year thanks to ...

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