by Associated Press Published: January 12,2012
Tags: banking and finance, Banks, bubble, economy, financial institutions, foreclosures, home loans, homeownership, homes, houses, loans, mortages, real estate, recession, residences, residential real estate, residents
ACROSS MISSISSIPPI — The pace of home foreclosures in Mississippi slowed substantially in 2011, following a national trend that may soon be reversed, a national foreclosure tracking firm said yesterday. Irvine, Calif.-based RealtyTrac said that in 2011, 3,172 homes in the state were hit by some sort of foreclosure action. Those range from an initial [...] [...]
BIRMINGHAM, Ala. — Regions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Company Inc. and related affiliates to Raymond James Financial Inc., for $930 million. As part of the transaction, Morgan Keegan will also pay Regions a dividend of $250 million before closing, pending regulatory approval, resulting in total [...] [...]
GULFPORT — A federal judge has sentenced 45-year-old Lisa Brooks of Gulfport for defrauding her former employer, Hancock Bank, of nearly over $144,000. Chief U.S. District Judge Louis Guirola Jr. sentenced Brooks yesterday to serve two years in prison, with three years of supervised release, and to pay restitution. He also ordered her to perform [...] [...]
HATTIESBURG — Hancock Bank has renamed Hattiesburg-based Ross King Walker as Hancock Insurance Agency. Hancock Bank acquired 103-year-old Ross King Walker (RKW) in 2004, and RKW retained its name as a division of Hancock Insurance Agency, a wholly owned subsidiary of Hancock Bank founded in 1902. RKW executives said the decision to rename RKW as [...] [...]
BOONEVILLE — Once prominent attorney Thomas D. Keenum Sr. of Booneville has been sentenced to 22 months for federal bank fraud. The 73-year-old Keenum pleaded guilty in August 2010 to a scheme to defraud BancorpSouth of Booneville through a $135,447 loan. He faced up to 30 years in prison and $1 million in fines. The [...] [...]
ITAWAMBA COUNTY and MONROE COUNTY — The U.S. Small Business Administration announces today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Itawamba and Monroe counties in Mississippi as a result of the excessive rain, [...] [...]
GULFPORT — A former Hancock Bank auditor is scheduled for sentencing in January for defrauding the bank of $143,000 over a two-year period by converting portions of collections into money orders. Lisa Brooks sentencing hearing is scheduled for Jan. 10 in U.S. District Court in Gulfport. Authorities say the Gulfport woman faces a maximum penalty [...] [...]
WIGGINS — Biloxi-based Keesler Federal Credit Union has opened its newest location in Stone County. The new facility is located at 1107 East Frontage Road, Suite A, in Wiggins. Keli Saucier is the branch manager with Merry Gress and Rachel Riley as the financial services representatives. Tellers for the branch are Nikki Craft and Melissa [...] [...]
JACKSON — An administrative action against Morgan Keegan & Company employees and Morgan Asset Management employees, Brian B. Sullivan, Gary Stringer, and Michele Wood has been resolved with the State of Mississippi, according to the Secretary of State’s Office. No Mississippi Morgan Keegan brokers were involved in this action. The order resolving the case is [...] [...]
by Associated Press Published: December 9,2011
Tags: banking and finance, federal government, financial institutions, home improvements, home ownership, homeowners, homes, houses, loans, real estate, refinancing, residences, residential real estate
BILOXI — Biloxi residents learned this week about an FHA loan program that will let them borrow up to $271,050 to buy, refinance or improve their homes. The Sun Herald reports the Federal Housing Administration 203(k) loan program is designed to rehabilitate the nation’s older homes. Bo Smith, a mortgage financing expert from Jackson, says [...] [...]
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