Mississippi has 19 small banks as defined as banks with less than $100 million in assets. And while most of these small banks that serve as the economic lifeblood of many rural areas of the state didn’t participate in the risky mortgage lending practices blamed for the Great Recession, they may now be endangered by [...] [...]
by Ted Carter Published: February 19,2012
Tags: Ally/GMAC, Bank of America, Chase, Citi, Jan Schaefer, Jim Hood, Mississippi, Mississippi Banking Commission, Mississippi Business Journal, Nationalforeclosuresettlement.com, Theresa Brady, Wells Fargo
About 4,235 Mississippi homebuyers whose homes were foreclosed on may be eligible for cash payments under a national settlement reached with five giant banks for fraudulent foreclosure practices, Attorney General Jim Hood’s office said. The national foreclosure fraud settlement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan [...] [...]
Health concerns faced by John Allison and his wife have led Allison to announce he will leave his post as Mississippi Banking commissioner Sept. 30. MBJ-TV recently caught up with the state’s chief banking regulator for a look back at his forty year tenure. [...]
By Ted Carter A 7-year renewal of Mississippi’s payday lending law – including a $100 increase in the amount that can be transacted — received an endorsement Tuesday from the state House’s Banking and Finance Committee. Bill sponsor Rep. George Flaggs, a Vicksburg Democrat and chair of the Banking and Finance Committee, said the bill [...] [...]
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