ACROSS MISSISSIPPI — Foreclosure actions against Mississippi homeowners in November dropped 16 percent from October — a seasonal trend likely pushed farther by delays stemming from questions about the legality of some proposed seizures, a national foreclosure tracking group said today. Irvine, Calif.-based RealtyTrac said 431 properties in Mississippi were the target of some sort [...] [...]
FLOWOOD — Community Bank has purchased Mortgage Consultants Inc. of Flowood for an undisclosed sum. Mortgage Consultants is a privately-held mortgage company. The 20-year-old business was the highest-rated company in Mississippi in terms of growth for 2002, and ranked 29th overall in the nation, according to Broker Magazine. Community Bank will be combining its mortgage [...] [...]
by Wally Northway Published: August 24,2010
Tags: disaster, disaster recovery, energy, environment, housing, military, mortgage, offshore drilling, oil and gas, oil spill, real estate
MISSISSIPPI GULF COAST — Veterans in the Gulf States impacted by the recent oil spill may qualify for delayed mortgage payments if their mortgages are already guaranteed by the Department of Veterans Affairs (VA). Secretary of Veterans Affairs Eric K. Shinseki said that several mortgage companies have already announced plans to waive late payment charges [...] [...]
WASHINGTON — Mortgage rates have fallen to the lowest level in decades over the past two months and could dip below 4 percent if the economy worsens. The average rate for 30-year fixed loans fell this week to 4.42 percent, mortgage buyer Freddie Mac said yesterday. It was the eighth time in nine weeks that [...] [...]
WASHINGTON — Talk of shrinking the government’s involvement in the mortgage market is growing. Just don’t expect action any time soon. A conference today at the Treasury Department is the first of many steps toward restructuring the nearly $11-trillion mortgage market. So far, rescuing mortgage giants Fannie Mae and Freddie Mac has cost the government [...] [...]
OXFORD — FNC Inc. has partnered with Integrated Asset Services (IAS) to offer FNC’s servicing clients an option for procuring next-generation real estate valuations that are more precise than ever. With the IAS option already fully integrated into FNC’s Collateral Management System (CMS) platform, FNC clients can take advantage of this technology to order broker [...] [...]
ACROSS MISSISSIPPI — The number of Mississippi residents faced with the loss of their homes through foreclosure rose in July, but the rate still is one of the lowest in the United States. RealtyTrac, which tracks foreclosure actions nationwide, said that 415 homeowners received a foreclosure-related notice last month. Those notices range from an initial [...] [...]
ACROSS MISSISSIPPI — Fewer foreclosure notices are going out in Jackson — but more homeowners in Gulfport-Biloxi are getting into mortgage trouble. RealtyTrac, which tracks foreclosures nationwide, reports 527 foreclosure notices in Jackson during the first half of 2010, affecting one in every 423 homes. That’s down 39 percent from the first half of 2009 [...] [...]
WASHINGTON — Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000, the Commerce Department said [...] [...]
WASHINGTON — Resolving a high-profile government case linked to the mortgage meltdown, Goldman Sachs & Co. has agreed to pay a record $550 million to settle civil fraud charges that it misled buyers of complex investments. The Securities and Exchange Commission announced the settlement yesterday with the Wall Street titan, just hours after Congress gave [...] [...]
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