Archive for the ‘NEWS’ Category

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 […] [...]

November 28th Digital Edition

by Published: November 26,2014

Tags: Banking & Finance, FOCUS, MBJ, Mississippi Business Journal

Click to view the November 28th Digital Edition of the Mississippi Business Journal. [...]

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 […] [...]

Jail kitchen supervisor pleads guilty to stealing food

HATTIESBURG — The former kitchen supervisor at the Forrest County Detention Center has pleaded guilty to conspiracy for his role in illegally diverting food for the jail for personal use. WDAM-TV reports Allen Haralson, 61, entered the plea yesterday before U.S. District Judge Keith Starrett. He remains free on bond. Sentencing was set for Feb. […] [...]

Top 10 finalists chosen for C Spire Conerly Trophy

ACROSS MISSISSIPPI — Mississippi State quarterback Dak Prescott and Mississippi cornerback Senquez Golson are among the 10 finalists for the C Spire Conerly Trophy, which is awarded to the state’s top college football player. Each school in the state is allowed to nominate one player for the award. The other nominees are: Mississippi Valley State […] [...]

Warden who lives hundreds of miles from jail resigns

CORINTH — A lobbyist for a private prison company is resigning as warden of the Alcorn County jail in northeast Mississippi, a job he held while living more than 200 miles away in the Jackson suburb of Madison. Irb Benjamin told Alcorn County supervisors he will step down Dec. 1. That action came several days […] [...]

BankPlus recognized for alternative program to payday lending

RIDGELAND — BankPlus and City First Enterprises of Washington, D.C., are the winners of the inaugural Empowerment Awards, which recognize promising projects that provide or encourage access to safe, fair financial services in underserved communities. BankPlus won in the Community Development Banking category for its innovative alternative to payday lending, and City First won in […] [...]

Board taking applications for emergency food, shelter programs

GREENWOOD — The Emergency Food and Shelter Program of Leflore County has received $19,300 to supplement emergency food and shelter programs. The Greenwood Commonwealth reports that a local board is taking applications through Friday from nonprofit agencies in the county. Agencies must be eligible for federal money and have shown they can deliver emergency food, […] [...]

GM honors BorgWarner facilities with quality award

WATER VALLEY — BorgWarner’s facilities in Water Valley; Frankfort, Illinois; and Ithaca, New York; have received 2014 Supplier Quality Excellence Awards from General Motors (GM). Presented to only 17 percent of GM’s 2,300 suppliers in the United States and Canada, the award recognizes supplier manufacturing locations for achieving consistently high levels of quality based on […] [...]

Stricklin: Deer parasites don’t affect quality of venison

STARKVILLE — Hunters who shoot a deer and discover that the animal is a host to parasites should still get the fire ready for cooking, according to Bronson Stricklin, a wildlife biologist and wildlife management specialist with the Mississippi State University Extension Service. Stricklin wrote: While dressing a deer this fall, there are some common […] [...]

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