Mississippi Business Journal » homeownership

Credit union participating in national homeownership campaign

MBJ Staff — Fri, 05 Apr 2013 12:16:19 +0000

JACKSON — HOPE (Hope Enterprise Corporation/Hope Credit Union) has helped launch Home Matters, a national movement to build public support for the concept of homeownership. Home Matters is spearheaded by the National NeighborWorks Association (NNA), a coast-to-coast coalition of housing and community development organizations, other nonprofits, companies and the public at large. The launch took [...]

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FNC: Appraisal Score makes history with patent

MBJ Staff — Wed, 26 Sep 2012 17:05:56 +0000

OXFORD — FNC Inc.’s Appraisal Score has received a U.S. patent (U.S. Pat. No. 8,244,563), making it the first patented appraisal review tool, according to the technology company. “Critics of the American appraisal process say the process is broken and they’re looking to new government regulations to fix the problem. But we’ve already developed the [...]

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FNC: U.S. home prices up year-over-year for first time since bust

MBJ Staff — Thu, 20 Sep 2012 18:14:14 +0000

OXFORD — FNC’s latest Residential Price Index (RPI) indicates U.S. residential property values continue to climb, capturing a fifth consecutive monthly gain as the result of rising demand. More notably the index shows that for the first time since the housing market collapsed in 2007, home prices are beginning to recover on a year-over-year basis, [...]

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Valued Veterans now using FNC’s flagship product

MBJ Staff — Fri, 06 Jul 2012 15:51:59 +0000

OXFORD — Valued Veterans, a service disabled veteran-owned appraisal management company (SDVOSB) serving the mortgage finance industry, will use mortgage technology company FNC Inc.’s flagship. FNC reports Valued Veterans joins more than 80 other U.S. financial institutions currently using FNC’s Collateral Management System (CMS). Terms were not disclosed. “Many of the big box banks have [...]

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Renaissance Corp. accepted as member of FHLB Dallas

MBJ Staff — Tue, 01 May 2012 19:45:18 +0000

GULFPORT — Gulf Coast Renaissance Corp. was recently granted membership into the Federal Home Loan Bank of Dallas (FHLB Dallas). According to Renaissance Corp., a nonprofit organization focused on creating affordable homeownership opportunities and stimulating economic development through the small business sector, it is the first non-bank community development financial institution (CDFI) in the state [...]

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FNC index: Home prices continue to fall

MBJ Staff — Thu, 26 Jan 2012 13:51:24 +0000

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. home prices continued to decline despite recent signs of job recovery and rising home sales and new residential construction. The continued price retreat is no surprise as the housing market remains constrained by high volumes of delinquent mortgages and foreclosures. November marks the fourth [...]

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Home sales, prices up on Coast compared to 2010

Associated Press — Tue, 24 Jan 2012 17:50:27 +0000

MISSISSIPPI GULF COAST — Mississippi Gulf Coast home sales finished 2011 on an upswing, with average sales prices up $8,000 in December and more homes sold than at the end of 2010. The Mississippi Gulf Multiple Listing Service report showed the average sales price of a home in South Mississippi was $124,694 in December. That [...]

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Report: State’s foreclosure rate fell in 2011

Associated Press — Thu, 12 Jan 2012 14:48:09 +0000

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 [...]

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