Posts Tagged ‘mortgage’

PriorityOne buys mortgage lending offices; forms ‘Delta Division’

MAGEE — PriorityOne Bank has acquired new mortgage lending offices in Greenwood and Greenville, which have been dubbed the “Delta Division” of PriorityOne Mortgage. These offices will give PriorityOne Mortgage the ability to service cities and towns in the Delta region of Mississippi. Robert J. Barnes, president and CEO of PriorityOne Bank, said, “We are […] [...]

Oxford’s FNC getting new headquarters

by Published: August 21,2014

Tags: Business, FNC, Mississippi, mortgage, Oxford

Mortgage technology firm FNC Inc. is in the middle of the design phase of its new headquarters in Oxford, a complex that will not only give the growing company needed space, but also reflect the city of Oxford’s vision for large, campus-like environments. “We have been working on our plans for about three years,” said […] [...]

Trustee wants Vantium to service Community Home loans

JACKSON — United States Bankruptcy Court for the Southern District of Mississippi has approved the request of Kristina M. Johnson, Chapter 11 trustee of the bankruptcy estate of Community Home Financial Services Inc., to retain Vantium Capital Inc. (d/b/a Acqura Loan Services) to service mortgage loans on behalf of the bankruptcy estate. Johnson’s appointment as […] [...]

State’s consumers in line for payments under SunTrust settlement

JACKSON — Attorney General Jim Hood says Mississippi consumers will be eligible for payments under a settlement between 48 states, the federal government and SunTrust. The U.S. Justice Department said yesterday the $968-million settlement resolves allegations that SunTrust underwrote and provided faulty mortgage loans. The federal government accused SunTrust of giving borrowers false and misleading […] [...]

Report: State ranks third in U.S. in negative-equity homes

IRVINE, Calif — CoreLogic has released new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million. The CoreLogic analysis indicates that approximately 6.3 million homes, or 12.7 percent of all residential properties with […] [...]

Attorney pleads guilty to defrauding two banks, court

BILOXI — A Coast attorney has pleaded guilty covering up evidence connected to a scheme to defraud two banks and the U.S. Bankruptcy Court. The government says in a news release that it is seeking restitution on behalf of the victims in the amount of $7.7 million. Stephen Richard Colson entered the plea in U.S. […] [...]

FNC index: U.S. home prices show fastest growth since 2012

by Published: February 18,2014

Tags: FNC Inc, home, home price, house, mortgage, residence, residential real estate

OXFORD — The latest FNC Residential Price Index (RPI) shows U.S. home prices continue to rise. As of December, the RPI indicates the fastest year-over-year growth since the recovery began in early 2012. The index, constructed to gauge price movement among normal home sales exclusive of distressed properties, was up 0.3 percent in December — […] [...]

American Bankers Association sees ample merit in new mortgage rules

by Published: January 24,2014

Tags: banking, Business, finance, lending, Mississippi, mortgage

While individual U.S. banking members may have their hands full in coming months complying with the new federal qualified mortgage rules, the organization that represents them — the American Bankers Association — says it is pleased with the shape new lending rules took. The ABA says it and a broad coalition of groups involved in […] [...]

Shift in home loan market causes jitters in South

by Published: January 24,2014

Tags: banking, Business, finance, Mississippi, mortgage

Last fall’s conjecture from the financial services sector that new rules coming out of Washington could jeopardize certain types of home mortgage lending is proving correct. The writing went up on the wall with last November’s Consumer Finance Protection Bureau release of new criteria for making so-called “qualified loans” that would receive legal protections against […] [...]

State reaches $7M settlement with Ocwen

JACKSON — Ocwen Financial Corporation of Atlanta and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1-billion joint state-federal settlement with Attorney General Jim Hood, 48 additional state attorneys general and the District of Columbia as well as the Consumer Financial Protection Bureau (CFPB). The settlement terms address servicing misconduct by Ocwen, and two […] [...]

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