» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome > Name & Property Search
Search results for 'Federal Mortgage Insurance' | Search again
DeSoto Public Records:0
Shelby Public Records:0
Editorial:100
West Tennessee:0
Middle Tennessee:2
East Tennessee:1
Other:0

You must be a subscriber to see the full results of your search.

Please log in or subscribe below if you are not already a subscriber.

The Daily News subscribers get full access to more than 13 million names and addresses along with powerful search and download features. Get the business leads you need with powerful searches of public records and notices. Download listings into your spreadsheet or database.

Learn more about our services | Search again


Editorial Results (free)

1. Fannie, Freddie Post Profits in Third Quarter; Pay Dividends -

WASHINGTON (AP) – Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the July-September period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial crisis in 2008.

2. US Existing Home Sales Rise in September -

WASHINGTON (AP) — U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.

The National Association of Realtors said Tuesday that sales of existing homes rose 2.4 percent from the previous month to a seasonally adjusted annual rate of 5.17 million. Still, the sales rate has dropped 1.7 percent over the past 12 months.

3. Searching for Doctors -

So here’s the offer: lower salary – meaning it will take longer to pay down your student loan debt – less prestige, and perhaps even a questioning of your intelligence and skill.

In 2014, that’s what comes with the decision to become a primary care physician. Recently, a fourth-year medical student at the University of Pennsylvania, Mara Gordon, wrote an article for The Atlantic explaining her decision to become a primary care doctor.

4. Middle-Class Squeeze: From Day Care to Health Care -

WASHINGTON (AP) – Three years ago, Jason Prosser was stunned to discover the cost of child care for his newborn son – so much so that he and his wife postponed having a second child.

5. Fannie, Freddie Post Profits in Second Quarter -

WASHINGTON (AP) – Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial crisis in 2008.

6. US Economy, Though Sluggish, May Now Be Sturdier -

WASHINGTON (AP) – Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

That conclusion, one held by a growing number of economists, might surprise many people. After all, in the five years since the recession officially ended, Americans' pay has basically stagnated. Millions remain unemployed or have abandoned their job searches. Economic growth is merely plodding along.

7. Citigroup to Pay $7 Billion in Subprime Mortgages Probe -

WASHINGTON (AP) – Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.

8. Why a Grim US Economic Picture is Brightening -

WASHINGTON (AP) – When the government updates its estimate Wednesday of how the U.S. economy fared last quarter, the number is pretty sure to be ugly. Horrible even.

The economy likely shrank at an annual rate of nearly 2 percent in the January-March quarter, economists estimate. That would be its bleakest performance since early 2009 in the depths of the Great Recession.

9. US Bank Earnings Decline 7.7 Percent in First Quarter -

WASHINGTON (AP) – U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.

10. Fannie, Freddie Post Solid Earnings for First Quarter -

WASHINGTON (AP) – Government-controlled mortgage financers Fannie Mae and Freddie Mac posted solid earnings for the January-March period as the U.S. housing market continued to recover. Gains over recent quarters have enabled the companies to fully repay their taxpayer aid after being rescued by the government in 2008.

11. House GOP Unveils Bill Slashing Highway Grants -

WASHINGTON (AP) – Republicans controlling the House unveiled legislation on Tuesday that proposes a huge cut to a transportation grant program championed by President Barack Obama that funds road and bridge projects, light rail networks, port construction and bike paths.

12. Flood Insurance Policies Face Hike in Tennessee -

NASHVILLE, Tenn. (AP) — For many Tennessee property owners in flood-prone areas, a move by Congress to soften steep increases to subsidized insurance policies may come as little comfort.

13. FDIC Sues 16 Big Banks That Set Key Rate -

WASHINGTON (AP) – The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.

14. US Bank Earnings Rise 17 Percent -

U.S. banks’ earnings rose 17 percent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside less to cover losses as well as legal costs.

15. US Bank Earnings Rise 17 Percent -

U.S. banks' earnings rose 17 percent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside less to cover losses as well as legal costs.

16. Bell Joins First State Bank as Commercial Loan Officer -

Jonathan Bell has joined First State Bank as vice president/commercial loan officer. Bell, who has more than 13 years of experience in the banking industry, will provide banking services for businesses in Collierville and the surrounding area.

17. Banks Earn $36 Billion in Third Quarter -

U.S. banks earned less in the July-September quarter than they did a year earlier, marking the first year-over-year decline in earnings since the spring of 2009, when the country was still mired in the Great Recession.

18. Banks Earn $36 Billion in Third Quarter -

U.S. banks earned less in the July-September quarter than they did a year earlier, marking the first year-over-year decline in earnings since the spring of 2009, when the country was still mired in the Great Recession.

19. JPMorgan Chase Reaches $4.5 Billion Deal With Investors -

JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments.

20. First Horizon Reports Third Quarter Loss -

The Memphis-based parent company of the largest bank based in Tennessee swung to a third quarter loss, with a $200 million addition to its mortgage repurchase reserve contributing to a loss for the quarter of $107.5 million.

21. FHA to Draw $1.7 Billion From Treasury to Cover Losses -

WASHINGTON (AP) – A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in its reverse mortgage programs which allow seniors to borrow against their homes for everyday living expenses.

22. Proposal Gives Banks More Leeway on Mortgage Bonds -

WASHINGTON (AP) – Regulators want to ease a rule that would require banks to share some risk in the complicated mortgage investments that helped cause the financial crisis.

Under the proposal advanced Wednesday by the Federal Deposit Insurance Corp. and the Federal Reserve, banks could exempt relatively safe mortgages from the value of those securities.

23. Closing Fannie, Freddie Could Boost Mortgage Rates -

WASHINGTON (AP) – Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis.

24. First Horizon Posts Second Quarter Profit -

First Horizon National Corp. posted earnings per share of $0.17 for the second quarter – a “solid, but not great” period for the bank, in the words of one analyst.

25. Fed Approves Higher Bank Capital Standards -

WASHINGTON (AP) – The Federal Reserve approved higher requirements for the amount of capital reserves banks must hold to cushion against unexpected losses. The change is aimed at preventing a repeat of the 2008 financial crisis.

26. 30-Year Mortgage Rate Hits 2-Year High -

The average U.S. rate on a 30-year fixed mortgage surged this week to 4.46 percent, the highest in two years.

The increase from a 3.93 percent average last week was the largest one-week jump in 26 years, according to a report Thursday from mortgage buyer Freddie Mac. And it shows the Federal Reserve’s hints that it might slow its bond purchases this year are already affecting consumers.

27. 30-Year Mortgage Rate Hits Two-Year High -

The average U.S. rate on a 30-year fixed mortgage surged this week to 4.46 percent, the highest in two years.

The increase from a 3.93 percent average last week was the largest one-week jump in 26 years, according to a report Thursday from mortgage buyer Freddie Mac. And it shows the Federal Reserve’s hints that it might slow its bond purchases this year are already affecting consumers.

28. Senators Propose Overhaul of Housing Finance -

WASHINGTON (AP) – A bipartisan group of senators on Tuesday proposed an overhaul to the housing finance system that would gradually eliminate Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants, and shift more mortgage and credit risk to the private sector.

29. House Gives FHA Flexibility on Reverse Mortgages -

The U.S. House has approved a bill giving the Federal Housing Administration the power to make quick fixes to its financially-troubled reverse mortgage program.

The measure lets the agency make changes to the program using mortgage letters rather than its usual rulemaking process that can take months or even years.

30. FHA Reverse Mortgage Losses May Require Bailout -

WASHINGTON (AP) – The head of the Federal Housing Administration says her agency may need as much as a $1 billion rescue package to bolster its reserves despite efforts to shore up its finances with higher mortgage insurance premiums.

31. Summer Travel Forecast: Better, but No Blowout -

NEW YORK (AP) – This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds.

The good news: At some U.S. campgrounds these days you get live bands, air guitar contests and chocolate pudding slip 'n slides.

32. Obama Nominates Pritzker, Froman for Economic Jobs -

WASHINGTON (AP) – President Barack Obama on Thursday chose two old friends with corporate executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.

33. Capital Requirement -

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.

34. Critics Revive Past Promises to Knock Obama Budget -

WASHINGTON (AP) – Advocates for seniors say President Barack Obama is breaking his promise to protect Social Security, while conservatives say he is breaking his promise not to raise taxes on the middle class.

35. Bank of Bartlett Continues Turnaround -

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.

36. Mortgage Activity Slows in February -

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.

37. Lender Processing Paying $121 Million to Resolve Claims -

One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

38. Why Geithner's Treasury Leadership Proved Divisive -

WASHINGTON (AP) – President Barack Obama has saluted the outgoing Timothy Geithner as one of the best U.S. Treasury secretaries ever. He's surely been among the most contentious.

Not since the Great Depression had an administration inherited so many grave financial threats at once. To many, Geithner deserves credit for helping steady the banking system and helping restore investor confidence. Yet his toughest critics say Geithner's policies consistently favored big banks over ordinary struggling Americans.

39. Fewer US Banks Fail as Industry Strengthens -

WASHINGTON (AP) – U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

40. BancorpSouth Keeps Focus on Staying True to Banking Basics -

BancorpSouth Inc. may have new leadership, but the Tupelo, Miss.-based company likes to say it still has an old way of doing business.

41. Fannie, Freddie Expand Aid to Storm-Hit Homeowners -

MCLEAN, Va. (AP) – Fannie Mae and Freddie Mac are expanding their assistance to borrowers whose homes were damaged or destroyed by Superstorm Sandy.

The government-controlled mortgage companies said Friday that they will automatically suspend evictions and foreclosures in disaster areas for 90 days.

42. Wells Fargo Earnings Rise as Loan Book Grows -

Wells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees.

Wells, the nation's biggest mortgage lender, expanded its loan portfolio by making new loans to consumers. It collected more interest on loans than in the same period a year earlier.

43. AP IMPACT: Aggressive Start for Consumer Bureau -

WASHINGTON (AP) – The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

44. Feds Tighten Appraisal Rules for Risky Mortgages -

WASHINGTON (AP) – New federal rules proposed Wednesday would require all high-risk mortgage lenders to obtain property appraisals for the first time.

Under the rule, all mortgages deemed risky would require an appraisal by a licensed or certified appraiser, including a written inspection of the home's interior, according to regulators including the Federal Reserve and the Consumer Financial Protection Bureau. Previously, there was no universal federal requirement that appraisals be performed on all risky mortgages.

45. Regions Financial Reports Second Quarter Profit -

Regions Financial Corp. reported a second quarter profit Tuesday, July 24, of $284 million, or $0.20 per diluted share, driven by improvement in its core business performance.

46. As US Economy Steadies, Bank Closings Become Rarer -

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.

47. Financial Federal Secures Three CRE Mortgages -

Memphis-based Financial Federal recently brokered three significant mortgage negotiations, including $9.5 million in first-mortgage refinancing and $6 million in first-mortgage proceeds in Memphis and Jackson, Miss.

48. US Gov’t to Propose Mortgage Lending Rules -

The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mortgage payments.

Congress mandated changes in the rules covering the mortgage servicing industry in the wake of the 2008 financial crisis.

49. House GOP Unveils Budget Blueprint -

WASHINGTON (AP) – Conservative House Republicans on Tuesday set up what appears to be a potential re-run of last year's turbulent domestic policy fight with President Barack Obama, putting forward an election-year budget manifesto that would blend steep social program cuts with reduced tax rates.

50. Fed Cuts Estimate of 2011 Payment to Government -

WASHINGTON (AP) – The Federal Reserve is slightly cutting its estimate of how much it paid the federal government in 2011. But the bank says the payment is still the second biggest in the nation's history.

51. RPAC Keeps Housing On Policymakers’ Minds -

Carol Lott understands that some people have misgivings about giving money to politicians, particularly when budgets are tight.

52. Privatization Thoughts Highlight Changes -

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.

53. Citigroup Pays $158M to Settle Mortgage Fraud -

NEW YORK (AP) – Citigroup has agreed to pay $158.3 million to settle claims that its mortgage unit duped the U.S. government into insuring risky mortgage loans for over six years.

The government said Wednesday that Citi Mortgage certified 30,000 mortgages for insurance provided by the Federal Housing Agency and submitted many certifications that were "knowingly or recklessly false."

54. Fed Reports $76.9 Payment to Government -

WASHINGTON (AP) – The Federal Reserve paid the federal government $76.9 billion in 2011, the second highest amount in history. The central bank earned the money from investments made to bolster the U.S. economy.

55. First Horizon Expected to Post Profit -

The parent company of First Tennessee Bank reports fourth-quarter earnings and its full-year 2011 results this month, and Wall Street analysts are expecting another quarterly profit from the Memphis-based company.

56. Abortion, Immigration Changes Among New 2012 Laws -

Girls seeking abortions in New Hampshire must first tell their parents or a judge, employers in Alabama must verify new workers' U.S. residency, and California students will be the first in the country to receive mandatory lessons about the contributions of gays and lesbians under state laws set to take effect at the start of 2012.

57. Expect, Plan For Unexpected -

Ray’s Take Odds are you will encounter financial emergencies in your lifetime. They could range from the relatively minor – like damaging the family car – to something as devastating as complete home destruction. You simply should expect that the unexpected will happen and, at a minimum, have six months’ worth of living expenses set aside in savings or money-market accounts you can readily access.

58. A GOP Debt Plan Would Hit Some Popular Tax Breaks -

WASHINGTON (AP) – Millions of taxpayers who take advantage of deductions for mortgage interest, charitable donations and state and local taxes would be targeted for potential tax hikes under a GOP plan to raise taxes by $290 billion over the next decade to help reduce the nation's deficit.

59. Freddie Mac Reports Q3 Loss, Asks for $6B in Aid -

WASHINGTON (AP) – Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.

Freddie Mac said Thursday that it lost $6 billion, or $1.86 per share, in the July-September quarter. That compares with a loss of $4.1 billion, or $1.25 a share, in the same quarter of 2010.

60. Feds Sue Mortgage Broker, Alleging Lending Fraud -

NEW YORK (AP) – The federal government sued one of the nation's largest privately held mortgage brokers on Tuesday, saying its decade-long fraudulent lending practices cost the government hundreds of millions of dollars and forced thousands of American homeowners to face eviction.

61. Obama Offers Mortgage Relief on Western Trip -

LAS VEGAS (AP) — The Obama administration offered mortgage relief on Monday to hundreds of thousands of Americans in the latest attempt to ease the economic and political fallout of a housing crisis that has bedeviled President Barack Obama as he seeks a second term.

62. First Horizon’s Profit Improves in Q3 -

Between July and September, the Memphis-based parent company of First Tennessee Bank, the largest bank based in Tennessee, more than doubled its quarterly profit compared with the same period in 2010, the company announced Monday, Oct. 17.

63. First Tenn. Parent Co.’s Profit Improves in Q3 -

Between July and September, the Memphis-based parent company of the largest bank based in Tennessee more than doubled its quarterly profit compared with the same period in 2010, the company announced Monday, Oct. 17.

64. Bank Earnings to Reflect Slowdown From Q3 Turmoil -

NEW YORK (AP) – Investors are bracing for a rough earnings season from banks.

Turbulence in stock and bond markets, combined with waning confidence among business and consumers, hurt banks' business in the third quarter. IPOs were shelved, companies postponed plans to sell bonds, and acquisitions were put on ice. Consumers also held back on spending.

65. Memphis Banks Looking East to Nashville -

A growing number of Memphis-based banks are moving to take advantage of new opportunities to grow …

… In Nashville.

With its announcement just days ago that it’s chosen a Nashville market president, Metropolitan Bank – which is co-headquartered in Memphis and in Ridgeland, Miss. – became the latest to direct some attention east of the Tennessee River. As part of its expansion into Nashville, Metropolitan announced it’s looking for an office location and key talent with which to staff it up pending regulatory approval of the expansion.

66. Fannie Mae Cited for Failing To Stop Robo-Signing -

WASHINGTON (AP) – Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal watchdog.

67. Mixed Impact on Consumers From Fed's 'Twist' -

Operation Twist doesn't give consumers much to shout about.

The Federal Reserve's latest effort to boost the economy by driving down long-term interest rates won't have a big impact on home and car buyers, savers or credit card users.

68. US Mortgage Finance Head: Shift Risk From Treasury -

RALEIGH, N.C. (AP) – Government-controlled mortgage buyers Fannie Mae and Freddie Mac may reduce taxpayer risk by requiring more mortgage insurance from borrowers and charging lenders higher fees, steps that could increase borrowing costs, the head of their government caretaker agency said Monday.

69. Orion Hits ‘Home Run’ With REO Placement Program -

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.

70. Get on the Bus -

A large red, white and blue bus is traveling America to promote what the National Association of Realtors calls the “foundation of American values” – home ownership.

And the nation’s largest real estate trade association says that ideal is in jeopardy.

71. Obama to Nominate Curry as Comptroller of Currency -

WASHINGTON (AP) – President Barack Obama said Friday he will nominate Thomas Curry, a federal bank regulator, to be the U.S. comptroller of the currency.

72. JPMorgan to Pay $153.6M to Settle Fraud Charges -

WASHINGTON (AP) – JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing.

73. Foreclosure Notice Bill Sees Little Change -

The law in Tennessee governing how many times lenders have to run a newspaper notice before they can foreclose on a property won’t be changing too much after all.

Lawmakers this month appeared to have coalesced around a compromise proposal of reducing the frequency of the notices from three times to two after originally debating language that would require only one newspaper notice before a foreclosure could occur.

74. State House Approves Foreclosure Bill -

Tennessee lawmakers have moved closer toward cutting back the number of foreclosure notices lenders have to publish in newspapers before borrowers in default lose their home.

Legislation drafted by the Tennessee Bankers Association and amended in legislative committees would allow lenders to reduce the current mandate from three foreclosure notice publications to two. The new notices also likely won’t include the lengthy descriptions they feature now.

75. BancorpSouth to Shutter 23 Branches in 6 States -

TUPELO, Miss. (AP) – BancorpSouth Inc. said Tuesday that it will close 23 bank branches in six states this summer as part of a plan to consolidate operations.

76. Opinion: Foreclosure Bill Unjust To Homeowners, Community -

As an attorney that has spent a great deal of my time over the last decade assisting consumers with mortgage lending and foreclosure problems, I cannot think of a worse idea for the Tennessee General Assembly to consider than further streamlining the foreclosure process in Tennessee. This is precisely what is currently contemplated in the bills that will be considered by the Judiciary Committees in the coming week.

77. Opinion: Foreclosure Bill Unjust To Homeowners, Community -

As an attorney that has spent a great deal of my time over the last decade assisting consumers with mortgage lending and foreclosure problems, I cannot think of a worse idea for the Tennessee General Assembly to consider than further streamlining the foreclosure process in Tennessee. This is precisely what is currently contemplated in the bills that will be considered by the Judiciary Committees in the coming week.

78. New CFO Latest Sign Of Growth At Evolve -

Memphis-based Evolve Financial Group has brought a new chief financial officer on board.

Howard Lasley, who has more than 30 years’ experience in financial services and has worked in the banking, thrift, investment and mortgage banking spheres, has joined a company with three primary business divisions, 220 employees at year-end, 22 mortgage offices and five full-service bank branches in Arkansas and Tennessee.

79. US Proposes Exemption for Mortgage Securities -

WASHINGTON (AP) – Federal regulators are proposing to exempt certain mortgages from new rules aimed at getting banks to take on more risk when package and sell mortgage investments.

The Federal Deposit Insurance Corp. and the Federal Reserve voted Tuesday to advance the exemption from rules required under the new financial regulatory law. Under the rules, banks must hold at least 5 percent of the mortgage securities on their books.

80. For Real Estate, a Giant Spring Clearance Sale -

In suburban Chicago, it's paradise to be a homebuyer.

At the Millbrook Pointe development in quaint and pristine Wheeling, a $269,000, brick-and-stone townhouse comes with $25,000 in free upgrades, including wood-burning fireplaces, all-stainless steel kitchens and marbled bathrooms tricked out with double-bowl vanities and whirlpool soaker tubs.

81. Why Inflation Hurts More Than It Did 30 Years Ago -

WASHINGTON (AP) – Inflation spooked the nation in the early 1980s. It surged and kept rising until it topped 13 percent.

These days, inflation is much lower. Yet to many Americans, it feels worse now. And for a good reason: Their income has been even flatter than inflation.

82. Strategic Move -

Johnny Moore, the president and CEO of SunTrust Banks’ Memphis division who’s nearing the end of his second year in the role, has been talking for a while about growing the bank’s branch network in the area.

83. ‘Big 3’ Reflect Local Banking Scene -

One of the most famous aphorisms about politics is that all of it is local. Bankers and other inhabitants of the finance world know the same often goes for them too.

In the run-up to the recession, financial services firms like Citigroup and Bank of America raced to gobble each other up and built sprawling financial supermarkets.

84. Foreign Investors Buy Treasure Park Apartments -

2601 N. Watkins St.
Memphis, TN 38127
First Sale: $1.1 million

Sale Date: Jan. 31, 2011
Buyer: City National Bank
Seller: Federal Deposit Insurance Corp. as receiver for Imperial Capital Bank of La Jolla, Calif.
Second Sale: $450,000
Sale Date: Jan. 28, 2011
Buyer: Square Mile Investments LLC
Seller: City National Bank
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.

85. White House: Limit Gov't Backing of Mortgages -

WASHINGTON (AP) – The Obama administration laid out three broad options Friday for reducing the government's role in the mortgage market. All three would almost certainly lead to higher interest rates and costs for borrowers.

86. CBO: This Year's Budget Deficit to Hit $1.5T -

WASHINGTON (AP) — A continuing weak economy and last month's bipartisan tax cut legislation will drive the government's deficit to a record $1.5 trillion this year, a new government estimate predicts.

87. Mortgage Modifications Daunting for Homeowners -

HELENA, Mont. (AP) – Laverl "Nick" Nicholson used to look out of his kitchen window at the weeping willows that mark the burial place of two of his daughters. Then a debilitating car wreck left him unable to pay the $220,000 he owed on his northwestern Montana home.

88. Housing Shrinks 8 Percent in 2010 -

While 2010’s home sales are down – 8 percent from the previous year – local real estate agents say bright spots in the report indicate the housing market is on the road to recovery for 2011.

89. AIG to Issue Warrants as Part of Gov't Exit Plan -

NEW YORK (AP) – Insurance giant American International Group Inc. on Friday moved another step closer to freeing itself from U.S. government ownership by offering all current shareholders warrants to buy shares at $45 apiece.

90. Insurance Giant AIG Gets $3B in Facilities -

NEW YORK (AP) – Insurance giant AIG is taking yet another step on its road to recovery, obtaining $3 billion in credit facilities.

The news sent AIG shares soaring 6 percent in early trading Monday.

91. Deficit-Cutting Plan Fails to Advance to Capitol -

WASHINGTON (AP) – President Barack Obama's budget deficit commission failed to garner enough support Friday to spur quick congressional action, but it's austere spending blueprint will live on because a majority on the panel embraced it.

92. Magna Boosts Lending Power With Q10 Affiliation -

Magna Bank has joined the Q10 capital network, a prestigious affiliation that gives the Memphis bank access to more sources of capital.

93. Magna Boosts Lending Power with Q10 Affiliation -

Magna Bank has joined the Q10 capital network, a prestigious affiliation that gives the Memphis bank access to many more sources of real estate capital.

94. First Horizon Focused on Productivity, Profitability -

First Horizon National Corp.’s turnaround story is still a work in progress, but president and CEO Bryan Jordan told analysts during an industry conference this month he likes how it’s unfolding so far.

95. Commission Leaders Say Cutting Deficit Will Hurt -

WASHINGTON (AP) – Voters who demanded Washington rein in the nation's spiraling debt are getting a message from President Barack Obama and leaders of his deficit commission: It'll hurt.

96. Fed Boss: Regulators Looking Into Foreclosure Mess -

WASHINGTON (AP) – Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people's homes, Federal Reserve Chairman Ben Bernanke said Monday.

97. Despite Foreclosure Halt, Mortgage Crisis Not Over -

MIAMI (AP) – For most Americans at risk of losing their homes, the brutal business of foreclosure goes on.

Bank of America halted foreclosures across the country to address paperwork problems, but three other banks did so only in 23 states. Other banks holding millions of mortgages have not suspended any foreclosures.

98. New FDIC Rules Require Banks to Share Some Risk -

Federal regulators are insisting that banks share some risk when issuing the type of asset-backed securities that nearly toppled the financial system two years ago.

The Federal Deposit Insurance Corp. is requiring banks hold at least 5 percent of the securities on their books, as part of new rules the regulator adopted Monday that were required under the new financial overhaul law. Banks would be required to purchase their share of the securities beginning Jan. 1.

99. $5.3M Permit Application Filed for Soulsville Charter School -

1115 College St.
Memphis, TN 38106
Permit Amount: $5.3 million

Project Cost: $5.3 million for phase one
Permit Date: Applied September 2010
Completion: July 2011
Owner: Soulsville Foundation
Tenant: Soulsville Charter School
Contractor: Looney Ricks Kiss
Architect: Flintco Inc.

100. Official Urges Limits to Fed's Emergency Powers -

WASHINGTON (AP) – It's something you don't often hear from turf-conscious policymakers: Go ahead, curb our power.

Yet, that's essentially what Charles Plosser, president of the Federal Reserve Bank of Philadelphia, made a case for Friday in remarks to a central banking conference in Zurich, Switzerland.