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Foreclosure fraud deal offers payments to displaced homeowners

Up to two million Americans could benefit from mortgage relief from the nation’s biggest banks under a foreclosure fraud settlement of $25 billion announced Thursday. Mississippi and 48 other states signed on to the deal with Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial. The only remaining holdout is Oklahoma. The deal settles charges of systemic and ...

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UPDATE: DEAL IS DONE … Foreclosure settlement said gaining key state support

WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks — Bank of America, JPMorgan ...

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Washington Post: Thompson, Wicker directed public money to private interests

A Washington Post investigation called “Capitol Assets” names members of Congress who have helped direct more than $300 million in earmarks to dozens of public projects for work in close proximity to commercial and residential real estate owned by them or their family members. Mississippi’s Rep. Bennie Thompson and Rep. Roger Wicker were named in the report. Rep. Bennie Thompson ...

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Farm subsidies, other programs face cuts up to $35 billion

Agricultural programs could be cut by $30 billion to $35 billion in the 2012 farm bill, warned Carlisle Clarke, legislative assistant to Sen. Thad Cochran, R-Miss., in an interview with The Southeast Farm Press. “Last fall, in the debt ceiling discussions, each congressional committee was charged with offering up a package of cuts for programs under their jurisdiction,” he said ...

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Georgia recruiting ag states to help improve guest worker program

Georgia wants agricultural states such as Mississippi to join in pushing Congress to enact a modern guest-worker program that works for all farmers, not just some. “We need to work with other states to get the word out,” said Georgia Agricultural Commissioner Gary Black during a stop in Macon last week on the annual Georgia Ag Forecast road show. But ...

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Carter Commentary: Getting us back to 'Made in America'

Is there an assembly line somewhere that turns out these tired opposition party responses to State of the Union addresses? Year after year, it doesn’t matter whether the chief executive delivering the speech is a Democrat or Republican, within minutes of the speech’s completion the worn-out rhetoric begins. Which brings us to Tate Reeves, Mississippi’s new lieutenant governor. The president, ...

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Do Barbour's pardons stem from Southern religious, cultural practices?

ABC News has an interesting look at the South’s tradition of prisoner pardons, a practice it says is rooted in the region’s religious practices and culture. ABC asks whether those practices influenced former Mississippi Gov. Haley Barbour’s controversial decision to grant more than 200 pardons on his way out of office. Here is the introduction and link to the story: ...

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Parkway Properties further reduces Jackson presence

Company sells all but one Jackson building; exiting ‘non-core’ markets Parkway Properties is reducing its presence the Jackson market with the sale of all but one of its office properties, but Parkway officials will not make definitive comments regarding personnel reductions. Thomas Blalock, Parkway vice president of investor relations, said in an e-mail: “Given that the portfolio sale has not ...

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MEC hosts 'A Capital Day' for business community

Speakers address energy, education and health JACKSON – Members of the business community gathered at the Marriott hotel in Jackson today to hear Gov.-elect Phil Bryant’s agenda for economic development and the details of Blueprint Mississippi, a report on improving the state’s economic health that is sponsored by the Mississippi Economic Council (MEC) and other groups. Bryant assured the crowd ...

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Jim Barksdale to lead Miss. Development Authority

JACKSON — Governor-elect Phil Bryant appointed Jim Barksdale Interim Executive Director of the Mississippi Development Authority today. Barksdale, former President and CEO of Netscape Communications Corp., will succeed Leland Speed as chief of the agency that leads Mississippi’s economic development efforts. “When I campaigned for governor, economic development and job creation were cornerstones of my campaign,” said Gov.-elect Phil Bryant. ...

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