Posts Tagged ‘mortgages’
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 [...] [...]
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. [...] [...]
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 [...] [...]
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, [...] [...]
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, [...] [...]
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 [...] [...]
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 [...] [...]
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 [...] [...]
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 [...] [...]
ACROSS MISSISSIPPI — Although Mississippi has avoided the crux of the national housing crisis, the number of properties targeted by foreclosure filings in 2010 jumped more than twofold from two years ago, a national tracking firm said today. In addition, foreclosure action picked up in the state during the latter portion of the year. Irvine, [...] [...]
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