Editorial Results (free)
1.
Mortgage Activity Sees Small Increase -
Wednesday, June 19, 2013
Mortgage activity was a bit lackluster in Shelby County last month compared to the same time in 2012, judging by the latest data.
Looking forward, though, bankers say the demand is there, the busy season for lenders is well underway and that the purchase mortgage business is at times far outpacing demand for refinances.
2.
Baker Donelson Litigator Tom Comes Full Circle -
Thursday, May 30, 2013
Robert Tom, commercial and business litigation attorney for Baker, Donelson, Bearman, Caldwell & Berkowitz PC, has been elected shareholder of the law firm.
The 35-year-old Tom grew up in Memphis and attended Memphis University School before going to Emory University in Atlanta to study business and finance. Becoming an attorney was never even on his radar screen.
3.
Profitable Year Has Paragon Upbeat -
Thursday, May 16, 2013
Executives with Paragon National Bank laid out for shareholders this week a set of strategic objectives for 2013 that included making continued progress toward wringing problem assets out of the bank and improving the bank’s earnings power.
4.
Oakhaven Warehouse Sells After Foreclosure -
Tuesday, May 14, 2013
4120 Air Trans Road, Memphis, TN 38118
Sale Amount: $2.5 million
Sale Date: May 7, 2013
5.
Commission Votes Down Grant Funding -
Saturday, May 11, 2013
The Shelby County Commission voted down Monday, May 6, a $368,372 federal-through-state grant to the county Community Services division.
The grant from the Tennessee Department of Human Services was specifically for emergency assistance with rent and mortgage payments as well as uniform and food vouchers, gas cards and bus passes for those at or below the poverty level locally.
6.
Mortgages Near $107 Million in April -
Friday, May 10, 2013
From where he sits, Renaissance Realty’s Jeff Jenkins is optimistic that 2013 will be a fruitful one for the local real estate industry.
7.
Commission Votes Down Grant Funding -
Wednesday, May 08, 2013
The Shelby County Commission voted down Monday, May 6, a $368,372 federal-through-state grant to the county Community Services division.
The grant from the Tennessee Department of Human Services was specifically for emergency assistance with rent and mortgage payments as well as uniform and food vouchers, gas cards and bus passes for those at or below the poverty level locally.
8.
Commission Votes Down Second Amendment Gun Resolution -
Tuesday, May 07, 2013
Shelby County Commissioners voted down a resolution Monday, May 6, that would have backed the idea of state legislators and county sheriffs across the state “nullifying” federal gun control laws they consider unconstitutional.
9.
Magna Intent on Raising Profile, Enhancing Services -
Saturday, April 27, 2013
This year is turning out to be a big one for Magna Bank as it rolls out new products and services, adds key personnel and boosts its profile across the Mid-South.
10.
Capital Requirement -
Saturday, April 27, 2013
In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.
That letter was sent to Federal Reserve Gov. Daniel Tarullo, Comptroller of the Currency Thomas Curry and Federal Deposit Insurance Corp. Chairman Martin Gruenberg.
11.
March Mortgages Drop 8 Percent -
Tuesday, April 16, 2013
From March 2012 to March 2013, the number of mortgages made in Shelby County dropped 8 percent – from 649 to 597.
March 2013 mortgage volume totaled a little more than $100 million, though, up from a little more than $97 million in March 2012.
12.
Shelby County Mortgage Market Up 2 Percent -
Tuesday, April 16, 2013
Someone let out a cheer earlier this month at the Memphis Area Association of Realtors 2013 Residential Real Estate Summit as MAAR President Regina Hubbard gave her optimistic forecast for the local housing market.
13.
Council OKs Registry for Blighted Properties -
Thursday, April 04, 2013
For months, Memphis Mayor A C Wharton Jr. and the Memphis City Council had delayed final votes on his proposal to require the registration of property to make it easier for the city to find the owners of blighted property.
14.
Housing Huddle -
Wednesday, April 03, 2013
Memphis Area Association of Realtors president Regina Hubbard got an unabashed response from the crowd at the Germantown Performing Arts Centre during the real estate group’s 2013 Residential Real Estate Summit.
15.
Panther Properties Buys Two Cordova Apartments -
Tuesday, April 02, 2013
2350 N. Houston Levee Road and 2323 N. Houston Levee Road
16.
Bank of Bartlett Continues Turnaround -
Monday, March 25, 2013
The Federal Reserve Board has terminated a so-called “prompt corrective action” order for Bank of Bartlett that was released last year and which at the time asserted the bank was undercapitalized.
Bank of Bartlett president Harold Byrd said at the time the family-run bank was already on the mend and that the Fed’s order was based on outdated information. Without explanation, the Fed announced within the past week its order regarding Bank of Bartlett, dated Jan. 30 has been terminated.
17.
Boyle Celebrates 80 Years, Sponsors Art Exhibit -
Monday, March 18, 2013
Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.
18.
Mortgage Activity Slows in February -
Monday, March 18, 2013
Mortgage activity in Shelby County began 2013 by shifting into a higher gear, but someone tapped the brakes in February.
Total mortgage volume countywide had started the year showing double-digit percentage growth over the same period one year earlier. But in February, volume was up just 1 percent over the same month in 2012.
19.
Mortgage Bankers Honor Financial Federal Executives -
Monday, March 04, 2013
Financial Federal vice presidents and loan officers John Loebel and Judson Williford, of the bank’s residential lending division, recently were honored by the Memphis Mortgage Bankers Association.
20.
Mortgages Jump 38 Percent in January -
Monday, February 25, 2013
Mortgage banking isn’t looking as dreary right now as it has in recent years. In Shelby County, mortgage activity began the year bouncing strongly off totals from the first month of 2012.
21.
Blazing a Trail -
Saturday, February 23, 2013
Susan Stephenson is one of the most accomplished and highly visible women in the Memphis business community. She is the co-founder of Independent Bank, the city’s second-largest bank as ranked by assets and one that largely steered clear of the mortgage mess that dogged competitors during the financial bust.
22.
Mayor, Banks Revive Program Targeting City’s Unbanked -
Monday, February 04, 2013
It started with a letter. More than two dozen of them, actually. Bankers from around Memphis got a missive from Memphis Mayor A C Wharton Jr. in 2010 that solicited help from bankers like Joe DiNicolantonio, West Tennessee area president for Regions Bank.
23.
Filling the Voids -
Saturday, February 02, 2013
Last year was a banner year for adaptive reuse projects in Midtown and Downtown.
Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.
24.
$6.5 Million Financing Provided for Orleans Apartments -
Saturday, January 26, 2013
The commercial/multifamily division of Memphis-based community bank Financial Federal has arranged $6.5 million construction financing through U.S. Bank NA on the second phase of luxury The Orleans at Walnut Grove apartments.
25.
$6.5 Million Financing Provided for Orleans at Walnut Grove -
Friday, January 25, 2013
The commercial/multifamily division of Memphis-based community bank Financial Federal has arranged $6.5 million construction financing through U.S. Bank NA on the second phase of luxury The Orleans at Walnut Grove apartments.
26.
December Mortgages Up 34 Percent -
Tuesday, January 15, 2013
Much like the fourth quarter, December was also an especially strong period for local mortgage activity.
From December 2011 to December 2012, total mortgage volume climbed 34 percent. December 2012 mortgages totaled a little more than $94 million, up from the nearly $70 million in December 2011.
27.
Fourth-Quarter Mortgages Rise 21 Percent -
Tuesday, January 15, 2013
The fourth quarter of 2012 in Shelby County essentially followed the same upward swing in mortgage activity as was seen throughout the year as a whole.
There were 1,925 mortgages during the fourth quarter of 2012, up 21 percent from the 1,592 during the same period the previous year.
28.
Mortgage Gains Point to Solid 2013 -
Tuesday, January 15, 2013
Shelby County’s mortgage market made decent strides during the past 12 months, posting gains over 2011 and foreshadowing a healthy 2013.
Banks and mortgage lenders made 8,028 purchase mortgages in Shelby County during 2012, a 17 percent improvement from the 6,862 mortgages during 2011, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
29.
County’s Mortgage Market Up 7 Percent -
Monday, December 24, 2012
If they had any worries about next year’s taxes, the fiscal cliff and economic uncertainty, the local mortgage market saw borrowers brush them aside during November.
Continuing a pattern that’s been more the rule than the exception this year, Shelby County’s mortgage market keeps growing at a steady clip, and continued doing so through last month. Total mortgage volume countywide in November was up 7 percent over November 2011, climbing to almost $93 million in November 2012 from about $87 million during the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.
30.
Midtown Momentum -
Saturday, December 22, 2012
The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.
“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”
31.
BancorpSouth Keeps Focus on Staying True to Banking Basics -
Monday, December 17, 2012
BancorpSouth Inc. may have new leadership, but the Tupelo, Miss.-based company likes to say it still has an old way of doing business.
32.
I-Bank Grows in Namesake East Memphis Office Tower -
Friday, November 30, 2012
Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.
33.
Delek Buys Lion Oil Facility for $6.4 Million -
Tuesday, November 20, 2012
1023 Riverside Drive Memphis, TN 38106
Sale Amount: $6.4 million
Sale Date: Nov. 7, 2012
34.
Shelby County Mortgages Up in October -
Wednesday, November 14, 2012
The Federal Reserve has signaled its intent to buy mortgage-backed securities for much of the near future to try and goose the economy, which means mortgage rates are liable to keep skating along the bottom, as they are now.
35.
Landmark Community Bank Reports Third-Quarter Profit -
Tuesday, November 13, 2012
Collierville-based Landmark Community Bank has reported a profit of $648,000 during the three months ended Sept. 30, compared to a $2.2 million profit during the same period in 2011.
36.
Treating Customers Well Top Priority for First South Financial -
Monday, November 12, 2012
Nice guys may finish last, but nice financial institutions grow steadily over time. First South Financial Credit Union stays competitive by reacting quickly and treating members well.
“I think for us there’s plenty of room for us to grow,” said Delynn Byars, senior vice president of marketing for First South. “When you look at surveys by the American Bankers Association, by Gallup, by other organizations, unfortunately there are a lot of financial institutions, but not a lot of them are doing a very good job taking care of their customers.”
37.
Optimism Finds Way Into Local Banks, Financial Institutions -
Monday, November 12, 2012
Here’s a look at what’s going on in the world of finance, and the ways it’s all affecting Memphis.
First up, to quote the Bard, “But soft: what light through yonder window breaks?”
38.
Rise of House Flipping Focus Of Seminar -
Wednesday, October 31, 2012
The impact of the foreclosure crisis on Shelby County home values is intricate and far-reaching.
Recent estimates by real estate information company Chandler Reports suggest that nearly a quarter of Memphis’ total housing stock are non-owner occupied.
39.
Foreclosures Continue Rise in Third Quarter -
Thursday, October 18, 2012
At a public gathering at Calvary Episcopal Church last week, the city’s Housing and Community Development director Robert Lipscomb lamented the pervasiveness of poverty in Memphis.
40.
Mortgage Market Sees Gains in Third Quarter -
Tuesday, October 16, 2012
With the Federal Reserve taking steps to keep financing costs at extreme lows across the economy, it’s probably not surprising to hear an economist say he’s getting an earful from community banks and credit unions around the country.
41.
Momentum Builds as Money to Fight Northaven Blight Arrives -
Monday, October 15, 2012
When Shelby County Mayor Mark Luttrell announced in Northaven a week ago a $600,000 effort to fight blight in three parts of unincorporated Shelby, he got a lot of questions about the exact terms for home improvements – half of the funding.
42.
Local Mortgage Market Up 25 Percent -
Wednesday, October 10, 2012
Chris Low, chief economist for First Horizon National Corp.’s capital markets division FTN Financial, has been on the road in recent days.
43.
Blight Program Announced for Unincorporated Areas -
Friday, October 05, 2012
Shelby County Mayor Mark Luttrell announced a $600,000 effort in Northaven, Waverly Farms and Southeast Shelby County to fight blight and help homeowners fix up their properties. The funding for the two-part effort in the unincorporated areas of Shelby County is part of $7.5 million Shelby County government and the city of Memphis government are to receive from Wells Fargo Bank.
44.
Return on Investment -
Monday, September 24, 2012
Most people already know some of the basic elements of the banking business. From the large national lenders with a Memphis presence to the community banks in the suburbs, one common element is they make money by charging borrowers more than the bank pays in interest to depositors.
45.
Herenton Home Moves in Short Sale -
Wednesday, September 19, 2012
The home of former Memphis Mayor Willie W. Herenton in Banneker Estates’ gated community has traded hands for $350,000 in a short sale.
The single-family home at 5281 Horn Lake Road in the McKellar-Whitehaven-Levi PD neighborhood was sold to Tamara G. Washington on Aug. 27, according to the Shelby County Register of Deeds. Washington also filed a $150,000 mortgage with Community Mortgage Corp. that matures in September 2032.
46.
BankTennessee Opens New Atoka Loan Center -
Monday, August 27, 2012
In an effort to fill a key spot along the U.S. 51 corridor and bridge the gap between its Memphis market and an office in Lauderdale County, Collierville-based BankTennessee has expanded its footprint.
47.
Magna Bank Hits Five-Year Mark -
Tuesday, August 21, 2012
This month, Magna Bank is marking its fifth year in existence as a full-service community bank, one born in 2007 amid the calm just before the calamitous storm of 2008 that brought sweeping changes to banking and finance.
48.
United Housing Reaches 2,500th Homeowner -
Monday, August 20, 2012
United Housing Inc., a nonprofit housing agency, recently assisted its 2,500th homeowner when Joyce Taylor closed on her first home in the Scenic Hills area of Raleigh.
49.
Landmark Community Bank Reports Earnings Increase -
Wednesday, August 08, 2012
Collierville-based Landmark Community Bank has reported earnings from operations of $594,000 during the three months ended June 30, compared to earnings of $554,000 during the same period in 2011.
50.
Q2 Mortgages up 14 Percent -
Tuesday, July 17, 2012
Shelby County’s mortgage market is continuing to turn a corner, with more buyers during the second quarter signing on the dotted line and bankers handing over a shiny new set of keys.
During the second three months of 2012, banks and mortgage lenders in Shelby County made 2,149 purchase mortgages, up 14 percent from the 1,878 mortgages during Q2 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.
51.
Economic Dev. Conference Slated for Saturday -
Wednesday, July 11, 2012
The Home for the Holidays Summer Conference 2012 is slated for Saturday, July 14, from 9 a.m. to 2 p.m. on the Union Avenue Campus of Southwest Tennessee Community College in the Verties Sails Gymnasium (Building E).
52.
Herenton Home Listed as Short Sale -
Wednesday, July 11, 2012
Former Memphis Mayor Willie W. Herenton’s home in Banneker Estates is on the market as a short sale.
The single-family home on Horn Lake Road has been on the market for more than 160 days. The house in the McKellar-Whitehaven-Levi PD neighborhood is listed for $369,900 with B.J. Worthy with RE/MAX on Track.
53.
As US Economy Steadies, Bank Closings Become Rarer -
Friday, July 06, 2012
WASHINGTON (AP) – Fewer U.S. banks are failing than at any time since the financial crisis erupted in 2008. The healthier banking industry is helping sustain an economy slowed by lackluster hiring, weak manufacturing and Europe's debt crisis.
54.
County’s Mortgage Lending Up in May -
Monday, June 18, 2012
When bank customers are seen doing something seemingly as simple as making plans for the future – plans, of course, that involve spending money – that conveys a lot to someone like Mike Edwards, Paragon Bank’s president and chief operating officer.
55.
Dodd-Frank Could Have ‘Dire Impact’ On Economy -
Monday, June 11, 2012
As banks nationwide are feeling the pressure of regulatory change like the Dodd-Frank Wall Street Reform and Consumer Protection Act, commercial real estate lending standards by community banks will likely remain stringent for the foreseeable future.
56.
Executive Coach Burtch Earns Int’l Designation -
Wednesday, June 06, 2012
Bill Burtch, founder and president of full-service management consultancy firm Harmony Coaching & Consulting, has received the Professional Certified Coach designation from the International Coach Federation, becoming the second PCC in Memphis. Burtch, who also holds the Senior Professional in Human Resources designation, focuses his consulting work in executive/team coaching, professional development training and human resources consulting.
57.
Settlement Brings Milestone in Wells Fargo Case -
Monday, June 04, 2012
The announcement that Wells Fargo & Co. has agreed to settle a three-year-old lawsuit filed by Memphis and Shelby County governments over the company’s lending practices – with the settlement including certain local lending commitments on Wells’ part – was certainly a denouement in the case.
58.
Mortgages Up 10 Pct. in April -
Wednesday, May 09, 2012
T.S. Eliot described April as “the cruelest month” in his classic poem “The Waste Land” – but for Shelby County’s mortgage market, April turned out to be a bit more positive than that.
59.
MIFA Unites Volunteers In Service -
Tuesday, May 08, 2012
Last week we reflected on Herschel Walker’s recent visit to Memphis, sharing examples of how giving back has opened doors and led to opportunities that have yielded great success in his business and personal life. This week let us spotlight an organization engaging our community to sustain the independence of seniors, transform the lives of families in crisis, and equip teens for success: Metropolitan Inter-Faith Association (MIFA).
60.
White Joins BankTennessee As Mortgage Specialist -
Wednesday, April 25, 2012
Judy Sulton White has joined BankTennessee as a mortgage loan specialist. White has worked in the mortgage industry for 30 years and will focus on new-home financing options, mortgage refinances and custom construction loans.
61.
Chandler Event To Highlight Q1 Housing -
Wednesday, April 25, 2012
Shelby County home sales increased 20 percent from January to March compared to last year, but that number requires some reading between the lines.
That’s why real estate information company Chandler Reports is hosting its “Master Your Market: First Quarter Update” event for local agents, appraisers, builders, investors and bankers Thursday, May 3.
62.
Homes Part of North Memphis Revitalization -
Tuesday, April 24, 2012
Usually Self + Tucker Architects do the design work and planning for someone else who is the developer.
But in an open lot on the north side of Chelsea Avenue at Leath Street, seven single- family homes to come in the next year will be the architecture firm’s first steps into developing.
63.
Q1 Mortgages Up 12 Percent -
Tuesday, April 17, 2012
As the new year got under way, it didn’t look like Shelby County’s mortgage market was going to be ringing in 2012 with a bang.
By the end of January, the market was in pretty much the same place as it was one year earlier, with total mortgage volume barely budging (to $67 million, barely up from January 2011’s mortgage volume of $65.3 million).
64.
Kobernus Takes Reins of MAAR Commercial Council -
Monday, April 02, 2012
When Aubrie Kobernus goes home at night, she has a new hat to hang by her door. The 33-year-old was recently promoted to director of the Memphis Area Association of Realtors’ Commercial Council.
65.
Crye-Leike Sells Properties, Land At Feb. Auction -
Friday, March 30, 2012
Multiple properties in the Memphis area have traded hands as a result of an auction held by Crye-Leike Auction Services in February.
Kays Nawaf Employee Pension Plan sold three flex warehouse buildings at 4652 Damascus Road, 4660 Damascus Road and 4668 Damascus Road, ranging from 7,450 square feet to 10,160 square feet. There was a published minimum bid of $83,000 each.
66.
Mortgage Free is Not Home Free -
Thursday, March 29, 2012
Ray’s Take Every homeowner looks forward to the day the mortgage is paid and the family home is owned, free and clear. Mortgage-burning parties are a right of passage. However, that’s not the end of home-related expenses. It is important to do the math before you absorb the amount of that monthly note back into your lifestyle.
67.
Congress Sends Startup Investment Bill to Obama -
Wednesday, March 28, 2012
WASHINGTON (AP) – Despite warnings that less government oversight might mean more investment scams, Congress on Tuesday sent President Barack Obama legislation he endorsed making it easier for startups to raise capital without running afoul of federal regulations.
68.
BofA to Offer Rentals as Foreclosure Alternative -
Monday, March 26, 2012
NEW YORK (AP) – Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners.
69.
Wunderlich Securities Inc. Expands Private Client Group in Houston -
Monday, March 26, 2012
Memphis-based Wunderlich Securities Inc. has expanded its private client group in Houston.
A financial group comprised of three people in Houston with $65 million in assets under administration has joined the firm.
70.
6 Months Later, What has Occupy Protest Achieved? -
Monday, March 19, 2012
NEW YORK (AP) – As spring approaches, Occupy Wall Street protesters who mostly hibernated all winter are beginning to stir with plans for renewed demonstrations six months after the movement was born.
71.
Popular Small Business Bill Hits Senate Obstacles -
Friday, March 16, 2012
WASHINGTON (AP) – It might seem a recipe for success: Legislation to help small businesses raise capital passed the House last week with 95 percent of lawmakers voting for it and President Barack Obama's support. But in today's Congress, nothing comes easy.
72.
Triumph Bank’s Mantra: Say ‘Yes’ to Customer -
Monday, February 27, 2012
Entrepreneurs get in the game for many different reasons. They do it to make money, certainly, and to maintain a degree of control over that money and their professional lives.
For many, though, there is an urge to participate within and for a community they understand, live and work in. These are the reasons Triumph Bank was founded, and why their board, 15-strong, is made up, not of bankers per se, but of entrepreneurs.
73.
Privatization Thoughts Highlight Changes -
Monday, February 27, 2012
Here’s a roundup of what some of the city’s banks and bankers, investment professionals, mortgage brokers, asset management firms and other financial services shops have been up to in recent weeks.
74.
Firm Reassures Commitment To House Of Mews -
Thursday, February 23, 2012
When Memphis-based information technology outsourcing firm Service Assurance last week announced it had been bought out by a division of New Jersey-based Konica Minolta Business Solutions USA Inc., some Memphians questioned whether the acquisition would put the House of Mews in jeopardy.
75.
There’s More to Lending Than Money -
Tuesday, February 21, 2012
Across the globe and across the street, I’ve seen how the economic period we’ve faced has unsettled people’s nerves and at times, shaken their confidence. But if we choose to see this time as more of a “glass half full,” I can also see that we’ve learned some valuable lessons.
76.
Applying Pressure -
Monday, February 20, 2012
On Super Bowl Sunday, a group of 20 people huddled near a set of about as many tents on the Civic Center Plaza – the part of the Main Street Mall that is home to City Hall as well as the county, state and federal buildings.
77.
Jan. Mortgage Volume Up 2 Percent -
Monday, February 13, 2012
As the first page was torn off the 2012 calendar, Shelby County’s mortgage market found itself pretty much in the same place as it did during the same period in 2011.
Mortgage volume was almost $67 million during January, not much higher than January 2011’s mortgage volume of $65.3 million, according to real estate information company Chandler Reports, www.chandlerreports.com.
78.
Obama Details Broader Housing Plan -
Thursday, February 02, 2012
FALLS CHURCH, Va. (AP) – President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded that his administration's housing plans so far have not lived up to their promise.
79.
City Community Enhancement Probe Clouds Wharton's Long Term Plans -
Monday, January 16, 2012
Memphis Mayor A C Wharton Jr. admitted that he sounded a bit glum Wednesday, Jan. 11, when he spoke to a group of around 100 at the Memphis Kiwanis Club at the start of his new term of office.
“Some may say, ‘That guy’s really negative today,’” Wharton told reporters later. “I simply wanted to let everybody know that while things are getting better we have a ways to go.”
80.
Shelby Co. Mortgages Fall 8 Pct. -
Monday, January 16, 2012
It’s still very much a buyer’s market for prospective homebuyers in Shelby County – there’s just not enough of those buyers.
Banks and mortgage lenders made 6,866 purchase mortgages in Shelby County during 2011. That total for the year was down 8 percent from the 7,491 mortgages during 2010, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. (Data for this report included purchase mortgages only, not refinances.)
81.
Housing Conference Slated for Jan. 7 -
Monday, January 02, 2012
The “Home For The Holidays: Housing and Economic Development Conference” will be held on Saturday, Jan. 7, from 9 a.m. to 2 p.m. at Southwest Tennessee Community College Union Campus Building E/Gym, 737 Union Ave.
82.
Lamar Crossing Apts. Changes Owners Again -
Monday, January 02, 2012
2881 Lamar Ave.
Memphis, TN 38114
Loan Amount: $3.5 million
Loan Date: Oct. 7, 2011
Maturity Date: n/a
Borrower: Lamar Apartments LP
Lender: Nessko TN LLC
83.
MAAR Honors Members at Awards Luncheon -
Friday, December 16, 2011
The Memphis Area Association of Realtors named the recipients of its 2011 awards at a luncheon Wednesday, Dec. 14.
Shorty Watkins of Century 21 Maselle & Associates was named 2011 Realtor of the Year. Mindy Creech of RE/MAX on Track was named 2011 Realtor-Associate of the Year.
84.
Marty Regan Blends Civic, Community Duties -
Thursday, December 15, 2011
When Marty Regan looks out from his penthouse view at One Commerce Square, he sees an array of public and private partnerships that wouldn’t have been possible without real estate attorneys.
85.
Mortgages Up 15 Percent in November -
Wednesday, December 14, 2011
As families across Shelby County last month made turkey dinners and took note of things they’re thankful for, the area’s mortgage bankers no doubt found reason to be grateful for some positive industry news.
86.
You Can Help Heal City’s Hunger Pains -
Friday, November 11, 2011
It’s great to know where our next meal is coming from. Food brings people together. Especially during the last two months of the year! But what about the 14.5 percent of households who are hungry without dependable, consistent access to food? Where will their next meal come from and how can we help put food on their tables?
87.
Education Realty Trust Reports 3 Transactions -
Thursday, November 10, 2011
Education Realty Trust Inc., a Memphis-based developer, owner and manager of collegiate housing, announced Tuesday, Nov. 8, two acquisitions and one collegiate housing development.
88.
Lightman Entity Buys Sanderlin Centre -
Tuesday, November 08, 2011
5101 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $5.3 million
Sale Date: Nov. 1, 2011
89.
Germantown Retirement Home Financed for $12.9M -
Wednesday, November 02, 2011
Germantown-based Germantown Plantation Retirement Communities LLC has filed a $12.9 million loan through Deutsche Bank Berkshire Mortgage Inc. for Germantown Plantation Senior Living Community at 9293 Poplar Ave. The loan matures in June 2045.
90.
Obama Takes More Steps on Own to Help Businesses -
Monday, October 31, 2011
WASHINGTON (AP) — Pushing a campaign to act without Congress, President Barack Obama moved unilaterally Friday to boost private business.
He signed executive orders aimed at spurring economic growth, capping a week in which Obama sought to employ the power of his office as he struggles to make headway on his jobs bill on Capitol Hill.
91.
ServiceMaster, Other Cos. Support Habitat Mission -
Wednesday, October 26, 2011
Habitat for Humanity of Greater Memphis has a busy couple of weeks ahead as it closes its books on the fall building season.
Tuesday, Oct. 25, marked the dedication of The ServiceMaster Co. home at 3477 E. Oak Side Drive in Trinity Park, the first all-green neighborhood being developed by Memphis Habitat. The will be the Memphis-based home and commercial services company’s fifth sponsorship home with the nonprofit.
92.
September Mortgages Drop 3.2 Percent -
Tuesday, October 11, 2011
The housing market saw a little bit of a pickup in the third quarter compared to Q3 2010 – but the same didn’t hold true for the month of September.
Banks and lenders made 564 mortgages in Shelby County in September 2011, down from 583 in September 2010 – a 3.2 percent drop. That resulted in total mortgage volume for September dropping to $84.7 million from $88.4 million in September 2010. And the average mortgage amount dropped from $151,557 to $150,188.
93.
Q3 Mortgages Rise, Recovery Still Slow -
Tuesday, October 11, 2011
It’s tempting to look at the third quarter’s local mortgage numbers and regard that thumping sound as the real estate market’s pulse, weak for so long but slowly regaining strength.
94.
Seeing Success -
Monday, October 10, 2011
On the surface, they don’t have much in common other than their home turf. They include everything from a venerable law firm, prominent regional investment companies, tech firms and even a business that manufactures food products like hot dogs and sandwich meats.
95.
Stone Joins Metropolitan Bank As Mortgage Specialist -
Wednesday, September 28, 2011
Kent Stone has joined Metropolitan Bank as a mortgage specialist.
96.
Floyd has Helped Financial Federal Grow Since 1985 -
Friday, August 12, 2011
Mary Floyd, executive vice president of Financial Federal, helped create the bank’s residential lending sector, which has been one of the bank’s primary services for 26 years.
97.
New World Follows US Debt Downgrade -
Tuesday, August 09, 2011
Here we go again. Markets opened Monday, Aug. 8, with the world irreversibly changed, thanks to last week’s downgrade of U.S. debt by Standard & Poor’s from AAA to AA+. It follows last week’s wild ride for the stock market, which included stomach-churning swings for investors up through Friday, the day S&P issued the press release heard round the world after markets closed.
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Atlanta Investment Group Buys Holiday Inn Select -
Tuesday, August 02, 2011
5795 Poplar Ave.
Memphis, TN 38119
Sale Amount: $7.5 Million
Sale Date: July 19, 2011
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Orion Hits ‘Home Run’ With REO Placement Program -
Tuesday, July 26, 2011
A Memphis woman is getting a second chance at owning her own home, thanks to a rare program that takes hard work into account over credit scores. For Blondell Phillips, it’s the American Dream, Take 2.
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Fluctuating Market at Heart of Seminar -
Monday, July 25, 2011
As real estate professionals gather this week to take a look at the latest numbers, they’ll not only learn about local residential and commercial trends, but also be brought up to speed about Memphis’ role in the global economy.