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A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans

National lenders who make loans on new manufactured homes appear to be a growing option for Mississippi borrowers with credit histories too risky for traditional banks in today’s stringent regulatory climate. While credit-challenged borrowers are buying the dwellings at about half the square-foot cost of site built homes, financing them takes a much larger bite out of the household budget. ...

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Water association sues PSC over waiver for domestic violence victims

JACKSON — The Mississippi Rural Water Association has sued the state Public Service Commission in federal court, claiming the commission overstepped its authority and conflicted with federal law when it required a 60-day delay in utility deposits for domestic violence victims. The suit was filed in U.S. District Court in Jackson by the association, which has more than 1,000 members ...

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Department of Education gives schools waiver for Common Core transition

JACKSON — The U.S. Department of Education (ED) has approved a one-year waiver from school letter grades for the 2013-14 school year as Mississippi transitions to college- and career-ready standards and aligned assessments. The ED notified the Mississippi Department of Education (MDE) of its approval of MDE’s request for a one-year transitional timeline, which will apply to accountability letter grades ...

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