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Panel rejects appeal in global warming/Katrina lawsuit

Associated Press — Wed, 15 May 2013 16:49:14 +0000

MISSISSIPPI GULF COAST — A federal appeals panel has upheld the dismissal of a lawsuit filed by a group of Mississippi Gulf Coast residents and landowners who alleged that emissions by energy companies contributed to global warming, which intensified Hurricane Katrina, which, in turn, damaged their property. In the lawsuit, the landowners sought compensatory and [...]

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State Farm appeals Katrina-related whistleblower lawsuit ruling

Associated Press — Thu, 09 May 2013 17:21:09 +0000

GULFPORT — State Farm Fire and Casualty Co. has asked a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina. Motions filed in U.S. District Court in Gulfport also seek a new trial The verdict came in April in a whistleblower lawsuit against the Illinois- [...]

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Credit union participating in national homeownership campaign

MBJ Staff — Fri, 05 Apr 2013 12:16:19 +0000

JACKSON — HOPE (Hope Enterprise Corporation/Hope Credit Union) has helped launch Home Matters, a national movement to build public support for the concept of homeownership. Home Matters is spearheaded by the National NeighborWorks Association (NNA), a coast-to-coast coalition of housing and community development organizations, other nonprofits, companies and the public at large. The launch took [...]

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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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Fight over controversial movie theater continues

Associated Press — Fri, 22 Mar 2013 11:56:47 +0000

OLIVE BRANCH — An Olive Branch community remains in the lurch about whether a controversial movie theater will be constructed near its homes. The Commercial Appeal reports the developer has filed an appeal in DeSoto County Circuit Court about Board of Aldermen decisions he said are preventing a theater from being developed near Wedgewood subdivision. [...]

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City says no to controversial new movie theater

Associated Press — Wed, 20 Feb 2013 13:52:35 +0000

OLIVE BRANCH — Officials have blocked a movie theater developer’s attempt to put a cinema at the wooded rear of the golf course community of Wedgewood. The Commercial Appeal reports the controversial plans by cinema developer Ambarish A. Keshani drew about 100 area residents to yesterday’s Olive Branch Board of Aldermen meeting to speak in [...]

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Judge to hear petition to block sand drying plant

Associated Press — Wed, 20 Feb 2013 13:05:08 +0000

POPLARVILLE — A Pearl River County judge has scheduled a hearing tomorrow on a petition from some residents seeking to block development of five acres near the construction site of a sand drying plant in Picayune. The Alliance Consulting Group is locating the plant on 30 acres between Nicholson and Picayune. The $30-million plant would [...]

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Supervisor: Would be ‘catastrophic’ if hospital defaulted on payment

Associated Press — Wed, 16 Jan 2013 14:03:40 +0000

NATCHEZ — Natchez Regional Medical Center wants to take Adams County’s taxpayers off the hook as cosigners for its revenue bond. The Natchez Democrat reports the Mississippi Development Bank in 2006 required the hospital to show collateral before it would reissue the revenue bond. Adams County pledged a 5-mill standby tax that would not be [...]

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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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