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Tag Archives: residences

Renaissance Corp. accepted as member of FHLB Dallas

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 to be accepted as a ...

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FNC Inc. index finds U.S. home prices still weakening

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, REO sales, and short sales) ...

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Tennessee mortgage company opens office in Tupelo

TUPELO — Churchill Mortgage of Brentwood, Tenn., is opening its first physical branch in Mississippi, located on East Main Street in Tupelo. The new Mississippi team brings 30 years of mortgage and banking experience to Churchill Mortgage. Brandy Schulz will serve as branch manager, bringing more than 12 years of industry expertise. Prior to joining Churchill Mortgage, Schulz was a ...

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FNC index finds U.S. home prices declined in last half of 2011

OXFORD — The latest FNC Residential Price Index (RPI) indicates that U.S. home prices declined steadily in the last half of 2011. Since July 2011, prices on non-distressed properties (excluding foreclosure sales, REO sales, and short sales) have fallen 4.5 percent — averaging nearly 1.0 percent per month. The persistent downtrends in home prices are driven primarily by conditions in ...

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FNC index shows U.S. home prices fell in January

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values declined in January, in spite of continued economic expansion and an improving job market in recent months. The latest persistent downtrends are driven primarily by conditions in the distressed market, which remains overwhelmed by the disposal of foreclosed and REO properties. Down 0.6 percent from December, ...

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City officials say residents would benefit from annexation

PASS CHRISTIAN — Two Pass Christian officials say that residents in a proposed annexation area in Harrison County would benefit from city services and discounts on insurance. The Sun Herald reports the trial in which Pass Christian is attempting to annex 5.4 miles of the Pineville-Cuevas community in the county is expected to last two weeks. The city said it ...

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Justice Department investigating Golden Triangle tax preparer

COLUMBUS — The Justice Department is seeking to shut down a tax preparer, who runs a business in Columbus. Yesterday, federal prosecutors said they filed a federal civil injunction suit to bar Cynthia H. Carter from preparing federal tax returns for others. Prosecutors say Cynthia’s Tax Service prepares returns for customers who report false income and expense amounts and falsely ...

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FNC Inc. strikes first-time deal with BuildFax

OXFORD — Mortgage technology company FNC Inc. can now provide its clients access to historical building permit data as the result of a partnership with BuildFax. “Amid a shifting real estate market and ever-changing regulations, FNC’s collateral-focused data coupled with the building permit intelligence of BuildFax can provide needed solutions to help mortgage professionals make educated decisions on collateral value ...

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House passes insurance-discount legislation

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 established by the Institute for ...

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City, county earn better fire insurance rating

MONTICELLO and LAWRENCE COUNTY — Monticello and Lawrence County have achieved new fire insurance ratings. Officials tell the Daily Leader the city has new rating of six and the county had an eight. The ratings came from the state. Monticello Fire Department Capt. Jared Evans says a class six rating will lower insurance costs to businesses and homes. Previously, the ...

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