Mississippi Business Journal » mortgage

FNC index: Housing sees 13th consecutive price increase

MBJ Staff — Fri, 17 May 2013 13:04:25 +0000

OXFORD — The latest FNC Residential Price Index (RPI) shows the U.S. housing market continued to recover, recording in March the 13th consecutive price increase. In recent months, the ongoing housing recovery has maintained its pace with steady and persistent gains in home prices despite signs of continued job market weakness and soft economic growth, [...]

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BancorpSouth’s earnings impacted by litigation costs

MBJ Staff — Tue, 23 Apr 2013 12:16:44 +0000

TUPELO — BancorpSouth Inc. has released financial results for the quarter ended March 31. Highlights for the first quarter included: • Net income of $20.8 million or $0.22 per diluted share • Mortgage production of $425.9 million and mortgage sales of $445.9 million, which contributed to mortgage lending revenue of $12.3 million for the quarter, [...]

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FNC index shows U.S. property values rose again in February

MBJ Staff — Tue, 16 Apr 2013 12:18:46 +0000

OXFORD — The latest FNC Residential Price Index (RPI) indicates that U.S. property values rose again in February, continuing a trend that began in the spring of 2012, which has become widely recognized as the beginning of the housing market’s recovery. In February, the FNC RPI recorded a 28-month high after rising for 12 straight [...]

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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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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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FNC index shows U.S. home prices still rising

MBJ Staff — Fri, 15 Feb 2013 14:50:13 +0000

OXFORD — The latest FNC Residential Price Index (RPI) shows continuing momentum in the U.S. housing market with home prices rising to a two-year high in December. Despite an unexpected deceleration in economic growth, the ongoing housing recovery has maintained its pace with steady gains in home prices, sending the index up 5.4 percent year [...]

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Appeals panel upholds mortgage fraud convictions

Associated Press — Fri, 08 Feb 2013 14:14:00 +0000

RIDGELAND — A federal appeals panel has upheld the conviction of three people in a Mississippi mortgage fraud scheme that involved more than $10 million in fraudulent loans. Former Ridgeland mortgage broker Mark Calhoun and father-and-son associates J. Larry Kennedy and Keith Kennedy, who operated a mortgage loan closing business, had appealed their 2010 convictions. [...]

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AG reminding consumers of settlement deadline

MBJ Staff — Tue, 15 Jan 2013 14:09:26 +0000

JACKSON — Attorney General Jim Hood is reminding Mississippians that all claims applications covered by the National Mortgage Settlement are due Jan. 18. The State of Mississippi joined 49 other states in a $25-billion joint state-federal mortgage servicing settlement with the nation’s five largest mortgage servicers over unacceptable mortgage servicing practices. Mississippi was awarded $47.1 [...]

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FNC index shows continuing rise in U.S. home prices

MBJ Staff — Mon, 14 Jan 2013 15:36:42 +0000

OXFORD — The latest FNC Residential Price Index (RPI) shows that the recovery of U.S. property values has continued through November — the ninth consecutive month of price gains driven largely by rising homes sales and moderate economic growth. An imbalance between rising demand and limited supply continues to be an important factor for sustained [...]

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