Posts Tagged ‘mortgages’

Ex-mortgage broker gets jail time for fraud

RIDGELAND — Former Ridgeland mortgage broker Mark Calhoun has been sentenced to 16 years and eight months in prison for mortgage fraud in a scheme that involved more than $10 million in fraudulent loans. Yesterday, U.S. District Judge Dan Jordan also sentenced Calhoun’s associates, J. Larry Kennedy, and son Keith Kennedy, who operated a mortgage […] [...]

Report: Mississippi’s foreclosures fall — slightly

ACROSS MISSISSIPPI — The number of Mississippi homeowners facing foreclosure has taken a slight dip. Irvine, Calif.-based RealtyTrac, which tracks foreclosures nationwide, said that in April, foreclosure-related actions were taken against 361 properties in Mississippi. Those actions ranged from an initial notice of default to outright repossession by a lender. Last month, 149 properties were […] [...]

FNC: Clients ready for new online appraisal reports

by Published: April 27,2011

Tags: homes, houses, mortgages, real estate

OXFORD — When the GSE’s Uniform Collateral Data Portal (UCDP) goes live in June, FNC Inc. clients will be ready, the mortgage technology company announced. As of June 27, Fannie Mae and Freddie Mac will begin accepting appraisal reports via an Internet portal specifically designed to receive the property information and valuations as electronic data. […] [...]

Potts: ‘Storm has passed’ First M&F Corp.

KOSCIUSKO — First M&F Corp. reported a profit for the first quarter ended March 31, 2011 of $950,000. Net income allocated to common shareholders was $515,000, or $0.06 basic and diluted earnings per share, compared to a profit of $413,000, or $0.05 basic and diluted earnings per share, for the first quarter of 2010. Hugh […] [...]

RealtyTrac: State’s foreclosures fell during first quarter

ACROSS MISSISSIPPI — The number of Mississippi homeowners ensnarled in foreclosure dropped during the first quarter of 2011, although lenders still seized 594 properties, a national foreclosure tracking firm said today. For January-through-March, 1,083 properties in the state were hit by some kind of foreclosure-related action, ranging from an initial default notice to outright repossession, […] [...]

SBA offering commercial mortgage refinancing assistance

ACROSS MISSISSIPPI — Small business owners with eligible commercial real estate mortgages maturing after Dec. 31, 2012, will be able to secure more stable, long-term financing through the U.S. Small Business Administration’s temporary 504 refinancing program as a result of a change that will be published in The Federal Register by April 6. In February, […] [...]

FNC releases statistics on market distress

by Published: March 7,2011

Tags: homes, housing, mortgages, real estate

OXFORD — Mortgage technology company FNC Inc. has released statistics that pinpoint 2008 and 2009 as the years that saw the worst market distress, with more than 25 percent of foreclosed properties liquidated at more than a 40 percent discount. Other facts from the study show that in 2010, while the bottom quartile continued to […] [...]

FNC index: Home prices continue to fall

OXFORD — Despite recent upbeat data on new and existing home sales, U.S. home prices continued to decline in December due in part to increased sales of foreclosed properties, according to the FNC Residential Price Index (RPI). RPI is a product of Oxford-based FNC Inc. Driven in part by rising sales of distressed properties and […] [...]

SBA offering new program for commercial mortgages

WASHINGTON — Small businesses facing maturity of commercial mortgages or balloon payments before Dec. 31, 2012, may be able to refinance their mortgage debt with a 504 loan from the U.S. Small Business Administration under a new, temporary program. The new refinancing loan is structured like SBA’s traditional 504, with borrowers committing at least 10 […] [...]

Survey: State near top in U.S. in non-current loans

by Published: February 9,2011

Tags: banking and finance, homes, housing, mortgages, real estate

ACROSS MISSISSIPPI — The December Mortgage Monitor report released by Lender Processing Services Inc. shows a continued increase in the inventory of foreclosed mortgages as more loans advance through the default process. And Mississippi ranks near the top in most non-current loans. The number of newly delinquent loans declined during 2010, helping push overall delinquent […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments