by Ike Trotter Published: May 20,2012
Tags: banking, credit score, finance, Ike Trotter
One of the financial necessities required in today’s world is good credit. It can make a huge difference when you’re trying to pass muster with a landlord, a lender or even a potential employer. On a numeric grading system, it helps to have a credit score of 740 or better. And while the medium credit [...] [...]
by Ted Carter Published: January 15,2012
Tags: CoreLogic, foreclosures, JACKSON
Foreclosure rates in Jackson decreased in October from the same period last year, according to new data from CoreLogic. Statewide, however, foreclosures rates rose from 2.38 percent in October 2010 to 2.57 percent in October last year, California real estate research firm CoreLogic reported. CoreLogic said the rate of Jackson area foreclosures among outstanding mortgage [...] [...]
by Ted Carter Published: January 15,2012
Tags: American Bankers Association, Bank card delinquencies, Consumer delinquencies, delinquencies, Household debt levels, James Chessen
Consumer delinquencies fell in seven of 11 loan categories in the third quarter of 2011, with two categories – bank cards and home equity lines of credit — holding virtually steady, the American Bankers Association reports. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 29 basis points to 2.59 percent [...] [...]
by Lynn Lofton Published: December 4,2011
Tags: BancorpSouth Bank, banking, Clinton Community Bank President, MBJ Profile, Michael Booker
A long-held interest in finance and money and the influence of his mother led Michael D. Booker into a banking career which began in 1976 as a management trainee right out of college. He’s had some interesting stops along the way, and since 2004 has served as the Clinton Community Bank President with BancorpSouth Bank. [...] [...]
by Ted Carter Published: October 23,2011
Tags: closings, mergers, Mississippi banks, return-on-assets
Profits of Mississippi banks held more firmly at the outset of the nationwide banking crisis in December 2008, but today banks outside of Mississippi are out-performing those in the Magnolia State. The good news, according to banking consultant Brandon Roberts, is that earnings appear to have reached the bottom for the nation and Mississippi and [...] [...]
by Ted Carter Published: October 23,2011
Tags: credit score, Experian, Harlingen Texas, JACKSON
The City of Jackson can be thankful for Harlingen, Texas. Without Harlingen, the Mississippi capital would have the nation’s worst Experian credit score. The credit reporting bureau gives Harlingen a national low of 686 and Jackson a second place 701, based on the credit history of residents. Corpus Christi, Texas, is knocking at the door [...] [...]
by Lynn Lofton Published: October 23,2011
Tags: BancorpSouth, banking, John Walton, Mississippi Gulf Coast, profile
With an accounting background and more than 30 years experience in banking, John Walton says he’s exactly where he wants to be as the new division president, Mississippi Gulf Coast, with BancorpSouth Bank. “I love what I do,” he said. “One of the great aspects of my job is getting to meet a lot of [...] [...]
by MBJ Staff Published: August 21,2011
Tags:
Credit card holders are seeing stabilized interest rates, the elimination of over-limit penalty charges, a reduction in late fees charged by banks and minimal changes in annual fees since the Credit CARD Act of 2009 took effect, according to new research by the Pew Health Group’s Safe Credit Cards Project. Pew data show that the [...] [...]
by MBJ Staff Published: August 21,2011
Tags: Council on Economic Education, MCEE, Mississippi Council on Economic Education
A project to educate Mississippi students on economics, entrepreneurship and personal finance has earned national recognition for the first six months of the year. The Mississippi Council on Economic Education, or MCEE, received a third-place national ranking for 2011 from the Council on Economic Education. “This would not be possible without the high levels of [...] [...]
by MBJ Staff Published: August 21,2011
Tags: HORNE
The historic changes under way in the U.S. banking sector will be among the topics covered at this year’s HORNE Bankers Forum in Memphis and Biloxi in September. The Biloxi session is Sept. 21 at the Beau Rivage, 875 Beach Blvd.; the Memphis session is Sept. 28 at the Memphis Hilton, 939 Ridge Lake Blvd. [...] [...]
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