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Commercial/multifamily mortgage debt posts largest increase since ’08

December 12, 2013

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Commercial/multifamily mortgage debt outstanding grew to its highest level in five years in the third quarter, increasing by $25.2 billion as all four major investor groups increased their holdings, a new report from the Mortgage Bankers Association (MBA) says. That is a 1 percent increase over the second quarter of 2013. Total commercial/multifamily debt outstanding […]

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Bryant proclaims 2014 ‘The Year of the Creative Economy: Mississippi Homecoming’

December 11, 2013

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JACKSON — Gov. Phil Bryant proclaimed 2014 as the “Year of the Creative Economy: Mississippi Homecoming” during a ceremony with renowned pianist Bruce Levingston, a Mississippi native. The “Year of the Creative Economy” will feature both ongoing events and new activities throughout the year and will highlight the state’s vast talent across the creative spectrum […]

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Bauer rankings reflect strong Q3 showing for Mississippi banks

December 10, 2013

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A total of 45 Mississippi banks and saving and loans garnered five-star ratings from Bauer Financial Services in the third quarter. Of Mississippi’s largest banks, the $20 billion Hancock Bank of Gulfport was the only one to receive five stars, though Jackson’s Trustmark and Tupelo’s Renasant performed well enough to gain four stars each. BancorpSouth, […]

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JACKSON JILTED —Southwest Airlines pulling up stakes and leaving Mississippi

December 5, 2013

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Central Mississippi’s airline travel choices sustained a severe blow Thursday with an announcement by Southwest Airlines that it will cease flight service at Jackson-Medgar Evers International on June 7. Company spokesman Brad Hawkins said years of charting passenger counts at Jackson’s airport led to a conclusion the service was no longer financially worthwhile. “We saw […]

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Distress sales continue to drag down Mississippi’s average home sale price

December 3, 2013

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JACKSON, Mississippi — Mississippi’s October home prices climbed only 1.9 percent over October 2012. But once distressed sales are removed from the calculation, the state’s average home price climbs by 6 percent over the previous October, says CoreLogic, A California-based residential property information, analytics and services provider. CoreLogic’s statewide totals that include short-sales and foreclosure […]

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Joint Legislative panel’s $5.86 billion budget leaves 2,000 jobs unfilled

December 3, 2013

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  JACKSON, Mississippi – Who is the big spender here? The tag goes to Gov. Phil Bryant based on his $6.1 billion 2014 spending plan. In fairness to Bryant, Mississippi’s Joint Legislative Budget Committee was well aware of an opportunity to undercut the governor and did just that when the Tate Reeves-led panel presented a […]

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Foreclosures dip statewide in September

November 26, 2013

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Foreclosure rates in Jackson dropped more than a half percentage point in September compared to the same month last year. Meanwhile, foreclosures statewide dropped by nearly two-thirds of a percentage point in September from September 2012, according to newly released data from CoreLogic, a California-based real estate research firm. The CoreLogic data shows that the […]

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BILL CRAWFORD: There is no political will to fix PERS

November 22, 2013

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By Bill Crawford Ask your favorite state or local officials if they have seen this statement: “A contribution rate of 16.29% of active members’ compensation for the 2014/2015 fiscal year would be needed in order to keep the anticipated accrued liability payment within 30 years in accordance with GASB Statements 25 and 27.” It’s at […]

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Balch & Bingham beefs up to add new law practice areas

November 7, 2013

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Birmingham-based law firm Balch & Bingham has added 13 associates to its roster of more than 250 attorneys and lobbyists in the Southeast and Washington, D.C., including additional attorneys in the Jackson and Gulfport offices. Alan Rogers, managing partner of the 91-year-old firm, said the staffing increase is part of a move to establish several […]

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HUB International appoints Brent Tyler director of Mississippi operations

October 31, 2013

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JACKSON, Mississippi — Brent Tyler is the new director of operations for the Mississippi Region of HUB International Gulf South, according to a new release from HUB International, a global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services. Tyler will be in charge of […]

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