by Associated Press Published: May 7,2012
Tags: home insurance, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, residences, residential real estate, residents, severe weather, tropical weather, Weather, wind coverage
MISSISSIPPI GULF COAST — Traditional insurance companies are still generally avoiding coastal risks. But a few companies new to Mississippi’s coastal market are writing wind coverage for well-built homes near the waterfront. So are insurance carriers that are not licensed in Mississippi. Angelyn Treutel is an independent insurance agent and vice president of the agency [...] [...]
by MBJ Staff Published: May 1,2012
Tags: banking, Banks, community development financial insitution, financial institutions, homeowners, homeownership, homes, membership, residences, residential real estate
GULFPORT — Gulf Coast Renaissance Corp. was recently granted membership into the Federal Home Loan Bank of Dallas (FHLB Dallas). According to Renaissance Corp., a nonprofit organization focused on creating affordable homeownership opportunities and stimulating economic development through the small business sector, it is the first non-bank community development financial institution (CDFI) in the state [...] [...]
by MBJ Staff Published: April 30,2012
Tags: economy, home prices, homeowners, homes, houses, real estate, recession, residences, residential real estate, residents
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continued to show signs of persistent weakening, ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, [...] [...]
MISSISSIPPI GULF COAST — Jackson County board member Mark Cumbest says Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. Reinsurance — essentially insurance for insurers — is a major driver of policy premiums. It protects the Mississippi Windstorm Underwriting Association from debilitating claims, such as those created [...] [...]
by Associated Press Published: March 14,2012
Tags: bills, building codes, construction, flooding, floods, hail, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, law, lawmakers, legislation, legislative branch, legislators, Legislature, rain, residences, severe weather, state government, tornadoes, tropical weather, Weather, wind
JACKSON — The Mississippi House passed a bill yesterday to require insurance companies to offer discounts on costly hurricane coverage in five southern counties, including three on the Coast. Discounts are required by July 2013. They would go to single-family homes and some manufactured homes for meeting strong-house standards in the current building code, those [...] [...]
OXFORD — FNC Inc.’s latest Residential Price Index (RPI) indicates U.S. residential property values declined in December amid signs of continued improvement in the job market and economic growth. With sales of distressed properties comprising a large portion of overall home sales, prices on non-distressed sales continued to reflect the downward pressure distressed sales have [...] [...]
by MBJ Staff Published: February 8,2012
Tags: disaster, disaster recovery, federal government, homeowners, homes, houses, hurricanes, severe weather, tropical weather, Weather
WASHINGTON — The Federal Emergency Management Agency (FEMA) has developed a plan to waive recoupment of improper disaster assistance payments that were disbursed due to government error, according to U.S. Senators Mary L. Landrieu, D-La., Mark Pryor, D-Ark., and Thad Cochran, R-Miss. Next week, FEMA will send letters to 90,000 affected individuals and households informing [...] [...]
GREENVILLE — A housing agency director has received a month’s delay before she stands trial for allegedly taking kickbacks from a contractor and retaliating against a witness. Ann “A.J.” Jefferson’s trial was moved from today to Feb. 29, The Delta Democrat Times reported. Defense attorneys asked for the delay because of unspecified conflicts of counsel. [...] [...]
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. home prices continued to decline despite recent signs of job recovery and rising home sales and new residential construction. The continued price retreat is no surprise as the housing market remains constrained by high volumes of delinquent mortgages and foreclosures. November marks the fourth [...] [...]
MISSISSIPPI GULF COAST — Mississippi Gulf Coast home sales finished 2011 on an upswing, with average sales prices up $8,000 in December and more homes sold than at the end of 2010. The Mississippi Gulf Multiple Listing Service report showed the average sales price of a home in South Mississippi was $124,694 in December. That [...] [...]
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