Mississippi Business Journal » housing

Property owner settles housing discrimination lawsuit

Associated Press — Wed, 17 Apr 2013 23:40:33 +0000

MAGEE — The U.S. Department of Justice says a Mississippi company will pay a $27,000 settlement in a housing discrimination lawsuit. M.M. and S. Inc. agreed, according to a press release, to pay $20,000 to a family for refusing to rent a home to them, and a civil penalty of $7,000 to the United States. [...]

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Mortgage tech company goes global with Brazilian office

MBJ Staff — Fri, 29 Mar 2013 14:28:16 +0000

OXFORD — FNC Inc., a mortgage technology company, took its operations global this week, officially opening an office in Sao Paulo, Brazil. Last fall, Sao Paulo-based Cetip — Latin America’s largest depository of fixed income securities — selected FNC to deliver a comprehensive collateral management solution for the Brazilian mortgage industry. “We at Cetip are [...]

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Index: Property values continued their rebound into 2013

MBJ Staff — Fri, 15 Mar 2013 16:25:07 +0000

OXFORD – The latest FNC Residential Price Index (RPI) indicates that U.S. property values continued to recover through January — the 11th consecutive month of rising prices. Despite the uneven pace of price gains across different geographical markets, there are clear signs that the housing recovery is increasingly widespread, according to the Oxford-based mortgage technology [...]

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Former contractor’s federal bank fraud trial rescheduled

Associated Press — Wed, 27 Feb 2013 13:13:28 +0000

SOUTHAVEN — Former Southaven city contractor James Malcolm Harris Jr., who has business ties to Mayor Greg Davis and was recently indicted on bank fraud charges, has had his federal trial reset for Sept. 9. Harris’ attorney, David Hill, asked the court to delay a March 4 trial, saying they needed more time to prepare [...]

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MEMA soliciting landlords in tornado-torn counties

MBJ Staff — Mon, 25 Feb 2013 13:30:59 +0000

SOUTH MISSISSIPPI — Landlords with available rental properties in Mississippi are urged to contact a housing locator service to list their available rental properties. The Mississippi Emergency Management Agency and the Federal Emergency Management Agency are working together to find housing for those displaced by the recent tornadoes, storms and flooding. In support of that, [...]

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From container to guesthouse

Wally Northway — Fri, 22 Feb 2013 21:44:33 +0000

Bill Lilly, LEED AP, describes them as “white-knuckle experiences.” The Oxford homebuilder and owner of Village Green Builders Inc. says he had a number of such moments while building the state’s first home from shipping containers. Shipping container, sweet shipping container (Related story) The worries began early, and were not always high-tech in nature. “The [...]

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Would you set up house in a shipping container?

Wally Northway — Fri, 22 Feb 2013 14:12:33 +0000

The story begins with a missed invoice and a passion for sustainable construction, takes a winding path through California and Georgia and ends in Oxford with arguably the most unique house in the State of Mississippi. See “How-to” video below “I’ve had a lot of interest and inquiries since, but the Barton home is the [...]

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FNC report: Housing market should continue to improve

MBJ Staff — Tue, 19 Feb 2013 13:01:21 +0000

OXFORD — Though home foreclosures continue to be a challenge in many hard-hit markets, a report released by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul. According to FNC’s Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying [...]

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Mississippi housing sales, values showed gains in 2012

Becky Gillette — Fri, 15 Feb 2013 16:03:07 +0000

The Mississippi housing market is looking up. The value of homes and the number of homes sold improved in many areas of the state in 2012. “There is no question that things are moving back in a positive direction,” said Marty Milstead, executive vice president, Home Builders Association of Mississippi. “Things are not moving at [...]

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Investor group is taking it one project at a time

Lisa Monti — Fri, 07 Dec 2012 17:07:04 +0000

Twenty successful Biloxi businesswomen have pooled their money and talents to buy old buildings in downtown Biloxi and rehabilitate them for retail or residential spaces. Their goal: To give downtown a much deserved facelift and to spark more retail and tourism activity. In less than two years, the women investors who make up Rue Vieux, [...]

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