Author Archive

Coming soon: 200 Wi-Fi hotspots around Metro Jackson

by Published: December 12,2014

Tags: Business, Comcast, Mississippi, NEWS, technology

Here’s yet another reason not to leave home without your mobile device: Comcast is setting up a half dozen outdoor Wi-Fi hotspots in Jackson area parks and town squares this month as part of a cyber connection effort that will create 200 access points in public spaces throughout the metro region the first three months […] [...]

Houston Bush International executive is new Jackson airport chief

by Published: December 11,2014

Tags: airport, JACKSON, Mississippi, transportation

The general manager of Houston’s Bush International Airport is the new CEO of the Jackson Municipal Airport Authority. Carl Newman is the first new airport chief in 24 years, replacing longtime CEO Dirk Vanderleest, who retire at the end of September. Newman comes to Jackson just two years after taking the general manager’s post at […] [...]

Jackson hires new airport chief but process a mystery

Jackson Municipal Airport Authority has its first new CEO in nearly 25 years. The identity of the new airport boss should be known Thursday afternoon. How, when and where the Airport Authority’s governing board selected the candidate is unclear.  Authority spokesman Gene Moore insists he was left out of the loop and can’t help us […] [...]

Union Church farmer McCormick wins Miss. Farm Bureau presidency

Voting by county Farm Bureau delegates to the Mississippi Farm Bureau Federation’s annual meeting Monday ended with election of Mike McCormick, a 52-year-old cow-calf and timber farmer from Jefferson County, as the tenth president of the MFBF. McCormick, who raises cattle and timber on a 1,200-acre farm near Union Church , beat out incumbent Randy […] [...]

Regulators dump down payment requirement from new Qualified Mortgage rules

Federal regulators have finally given bankers something to cheer about. After sending bankers a train load of new regulations in the rule writing that followed the 2010 passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, government officials in late October lifted a down payment requirement that had been proposed as a key […] [...]

Moody’s cites weak debt coverage in Jackson’s utilities bond downgrade, negative outlook

by Published: December 3,2014

Tags: JACKSON, Mississippi, Moody's, NEWS, water

In a move Jackson city officials say they expected, Moody’s Investors Services downgraded $239 million of the City’s outstanding water and sewage system revenue bonds from A1 to A2. Moody’s cited the financial position of the water and sewer enterprise fund in fiscal 2013, specifically weak debt service coverage in FY 2013, as the key […] [...]

Consultants’ emails portray MDEQ as permit facilitator for silicon plant

Consultants working to help Mississippi Silicon gain a clean air permit for a Burnsville silicon plant apparently perceived the Mississippi Department of Environmental Quality as more of an ally eager to move the project forward than a regulator. Emails from consultants praise the state environmental regulators for helping to “head off” any objections to the […] [...]

MDEQ actions at center of trio of federal suits against Mississippi Silicon

Mississippi Silicon’s $200 million Burnsville plant on the Tombigbee Waterway is on track to open in slightly more than a year as the first new U.S. silicon factory in nearly 40 years. But whether that occurs will hinge on Mississippi Silicon beating back claims the Mississippi Department of Environmental Quality strayed from its procedural rules […] [...]

A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans

by Published: November 26,2014

Tags: manufactured home, mortgage, Qualified mortgages, waiver

National lenders who make loans on new manufactured homes appear to be a growing option for Mississippi borrowers with credit histories too risky for traditional banks in today’s stringent regulatory climate. While credit-challenged borrowers are buying the dwellings at about half the square-foot cost of site built homes, financing them takes a much larger bite […] [...]

Mississippi, Jackson foreclosures down in September from same month of 2013

by Published: November 25,2014

Tags: CoreLogic, foreclosures, Mortgage Delinquencies

Foreclosure rates in Jackson decreased by a third of a percent for the month of September over the same period last year, new data from real estate survey firm CoreLogic shows. The rate of tardy mortgage payments also dropped in September compared to the same mont last year… CoreLogic said the rate of Jackson area […] [...]

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