by Associated Press Published: December 19,2012
Tags: board of supervisors, construction, county, development, government, home, house, infrastructure, land, law, ordinance, property, public hearing, real estate, regulation, residence, resident, residential, road, street, subdivision, supervisor
VICKSBURG — Warren County will hold a public hearing on Jan. 22 on proposed changes to the county’s ordinance on subdivision development. The Vicksburg Post reports versions of a revised ordinance have discussed by the board of supervisors for months. The county is considering a prohibition on the sale of residential lots until roads are [...] [...]
by MBJ Staff Published: December 17,2012
Tags: commercial, home, house, index, industrial, land, mortgage, office space, property, real estate, report, residence, resident, residential, value
OXFORD — U.S. property values continue to show signs of improvement, in line with indications of continued expansion in economic activity and better employment rates in recent months, according to FNC’s latest Residential Price Index (RPI). Favorable developments in the housing sector, including declining foreclosure activities and rising home sales, have contributed to the continued [...] [...]
by MBJ Staff Published: December 14,2012
Tags: acquisition, home, house, land, liquid, liquidity, property, purchase, real estate, residence, residential, sale, sell, study
OXFORD — Liquidity conditions in the nation’s residential for-sale market are generally improving, according to a report released by mortgage technology company FNC. The report, built from FNC’s For-Sale-Observations Database that captures more than 60 percent of the for-sale market, indicates the median asking price among for-sale properties is up 8.6 percent since January and [...] [...]
by Associated Press Published: December 11,2012
Tags: city, code, commercial, community development, developer, development, government, land, municipal, municipality, property, real estate, residential
TUPELO — A new development code in Tupelo will allow more mixing of land uses. The code is expected to go to a vote in January, reports the Northeast Mississippi Daily Journal. If the City Council adopts the code, a transition period will follow. During that time, developers will be able to choose which code [...] [...]
by Associated Press Published: December 6,2012
Tags: buyout, federal agency, flood, flooding, government, home, homeowner, house, rain, real estate, residence, resident, residential, severe, storm surge, tropical hurricane, Weather
PICAYUNE — Pearl River County officials say about 25 properties could be eligible for a “buyout” program to help some flood-prone residents. County planner Ed Pinero Jr. tells the Picayune Item about six property owners so far have said they want to participate in the program. The Federal Emergency Management Agency would have to approve [...] [...]
by Associated Press Published: October 31,2012
Tags: contract, employee, expansion, home, homeowner, house, housing, job, land, lend, lending, loan, mortgage, payroll, property, real estate, residence, resident, residential, technology, work, worker
OXFORD — A Mississippi software firm will add at least 100 jobs thanks to a Brazilian contract. FNC, which makes software to streamline mortgage lending, said it would do work for Cetip, a Brazilian firm that holds financial securities for others. FNC’s software will help Brazilian banks manage documents, cut costs and help original lenders [...] [...]
by Associated Press Published: October 17,2012
Tags: city, commercial, economic development, employment, government, job, land, municipal, municipality, property, real estate, residential, rezoning, work, zone, zoning
D’IBERVILLE — D’Iberville officials have opened more land for economic development, changing the zoning on the southwest portion of the intersection of interstates 10 and 110 from mostly residential to commercial. The Sun Herald reports the city had tried to rezone the property a few years ago, but residents objected. Deonne Olier, city planning and [...] [...]
by MBJ Staff Published: October 16,2012
Tags: home, home price, house, index, mortgage, real estate, residence, resident, residential, technology
OXFORD — FNC’s latest Residential Price Index (RPI) indicates U.S. property values continue to rise. Home prices reached a 20-month high following a “robust” spring/summer home-buying season, FNC reports. In August, home prices rose for the sixth consecutive month, consistent with signs of strengthening market conditions that are led by rising existing-home sales and declining [...] [...]
by Associated Press Published: October 5,2012
Tags: appeal, bank, banking, bench, broker, conviction, court, decision, finance, financial institution, fraud, guilty, home, homebuyer, house, judge, judicial, judiciary, justice, mortgage, real estate, residence, residential, ruling, sentence, sentencing
JACKSON — A federal appeals court has upheld the conviction of former mortgage broker Michael Persac Persac and former broker Jason Ellis were convicted in 2011. They were both ordered to prison and were ordered to forfeit more than $3 million and pay more than $781,000 in restitution. A three-judge panel of the 5th U.S. [...] [...]
by Associated Press Published: September 20,2012
Tags: claim, damage, disaster, disaster recovery, flood, flooding, home, homeowners insurance, house, hurricane, insurance, insurer, loss, natural disaster, property, rain, real estate, residence, residential, state agency, storm, tropical, Weather, wind
ACROSS MISSISSIPPI — Private insurers expect to pay more than $24.3 million in claims in Mississippi as a result of Hurricane Isaac, Insurance Commissioner Mike Chaney says. Chaney says that as of yesterday, Mississippi’s 21 largest insurers had received 9,400 claims and paid $8.6 million. That’s tiny compared Hurricane Katrina’s $41 billion in insured damage [...] [...]
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