Archive for the ‘REAL ESTATE – Market Sector’ Category

U.S. Senate passes flood insurance bill

WASHINGTON – The U.S. Senate has passed a flood insurance bill Sen. Thad Cochran (R-Miss.) helped write by a vote of 67-32. The Homeowner Flood Insurance Accountability Act (S.1926) would amend the Biggert-Waters Flood Insurance Reform Act of 2012 to give the Federal Emergency Management Agency (FEMA) time to certify its flood mapping methods and […] [...]

Ex-contractor’s bank fraud sentencing rescheduled for March

SOUTHAVEN — The sentencing hearing for former Southaven contractor James M. Harris Jr. has been reset for March 25 in Aberdeen. The 53-year-old Harris pleaded guilty in federal court last year to one count of loan and credit application fraud. Harris admitted that he made false statements to Citizens National Bank in Olive Branch so […] [...]

House bill would require more information from insurers

JACKSON — Lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code. House Bill 753 could spark more debate over how much coastal homeowners are charged to cover against hurricanes, as well as make it clearer what areas private wind insurers are […] [...]

Ex-contractor’s bank fraud trial postponed

by Associated Press Published: January 28,2014

Tags: bank fraud, Cherry Hills, contractor, court, crime, James Harris, judicial, justice, law, legal, real estate, residentail, subdivision, trial

SOUTHAVEN — The sentencing hearing for a former Southaven contractor who admitted to submitting fake invoices to a bank for work at a subdivision his company never built has been delayed until an unspecified date. The Commercial Appeal reports James Harris was scheduled for sentencing Wednesday in U.S. District Court in Aberdeen, but his lawyers […] [...]

Peoples records loss for quarter, full year

BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported a loss of $883,000 for the quarter and $538,000 for the full year ended Dec. 31, 2013, due primarily to actions on certain non-performing assets, announced Chevis C. Swetman, chairman and CEO of the holding company and the bank. Loss […] [...]

FNC index: Home prices continue moderate rise

by MBJ Staff Published: January 20,2014

Tags: FNC Inc, home, home price, house, real estate, Resendential Price Index, residence

OXFORD — The latest FNC Residential Price Index (RPI) shows U.S. home prices continuing to rise at a modest pace despite at a flatter rate when compared to the spring and summer months. This trend largely reflects a decline in housing activity. The index, constructed to gauge underlying property value based on non-distressed home sales […] [...]

Provision could nix some higher flood insurance premiums

WASHINGTON — Homeowners worried that new federal flood maps will send their flood insurance premiums skyrocketing would get some short-term relief under a provision tucked into a massive government-wide funding bill. But other changes to the federal flood insurance program, including higher premiums on businesses, vacation homes and frequently flooded properties will remain in place, […] [...]

New Coast baseball stadium attracting developers

BILOXI — A new baseball stadium in Biloxi could draw 350,000 people or more to the downtown each year, and those kinds of numbers are spurring the anticipated attention from developers and property owners. Jerry Creel, Biloxi’s community development director, tells The Sun Herald these are properties that haven’t drawn any calls in a long […] [...]

Officials want court to toss case involving alligators and ExxonMobil

WILKINSON COUNTY — State wildlife officials want the Mississippi Supreme Court to throw out a dispute between a Wilkinson County couple and ExxonMobil Corp. over an alleged alligator infestation. In a friend-of-the-court brief, the wildlife agency argues “because wild alligators are the property of the state, and not subject to private ownership, private landowners have […] [...]

City sets new ordinance for adult business

OXFORD — The city of Oxford has a new ordinance regulating adult businesses. The Oxford Eagle reports that the board of aldermen adopted the ordinance this past week. The ordinance that sets up two adult entertainment districts inside the city limits where clubs could operate. The city had an ordinance before 2004 that was less […] [...]

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