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Editorial Results (free)
1. Mortgage Market Sees Small First-Quarter Gains
- Tuesday, April 15, 2014
Shelby County’s mortgage market started off 2014 a bit tame, not as chilly as the weather but not exactly bursting with energy either.
Local banks and mortgage lenders made 1,617 purchase mortgages during the first quarter, flat compared with the 1,624 mortgages during first quarter 2013, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
2. Shelby County Mortgage Market Dips in January
- Wednesday, February 12, 2014
Shelby County’s mortgage market entered 2014 in less of a turbo-charged fashion than it did at the same point last year.
New figures show total mortgage volume in the county was down 5 percent in January compared to January 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. Data for this report did not include refinances.
3. Mortgage Market Up 10 Percent in November
- Thursday, December 12, 2013
Borrowers are still rushing to lock in low rates, take advantage of a seemingly improving economy and get those keys to a new home in their hands.
That’s what the latest monthly mortgage numbers would suggest, as do the mortgage industry professionals who say borrowers kept the phones ringing at pretty much a steady clip in November compared to the previous month and helped November see a 10 percent uptick in the county’s mortgage volume.
4. Rhodes Honors Gray for Outstanding Research
- Wednesday, May 08, 2013
Dr. Patrick Gray, an associate professor in Rhodes College’s department of religious studies, has received the college’s Clarence Day Award for Outstanding Research. Gray’s research centers on biblical studies, specifically the history and literature of early Christianity and the Greco-Roman context.
5. Third-Quarter Earnings Vary Widely
- Monday, October 29, 2012
Third-quarter earnings season is wrapping up, and the results have been all over the map for banks and financial institutions with ties to Memphis.
One common thread: many are still making money – an increase in profits, in fact. But the low interest rate environment is eating into how much some of them are able to achieve.
6. 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.
7. 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.
8. 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.
9. Former Mall Acreage to be Industrial Development
- Tuesday, April 24, 2012
Acreage on Former
Mall of Memphis Site
Sale Amount: $2.7 million
Sale Date: April 18, 2012
Buyer: Memphis Industrial Properties LLC
10. Iberiabank Relocates Cordova Bank Branch
- Monday, April 23, 2012
Iberiabank is moving its Cordova branch out from behind the shadow of a rival – literally.
The Iberiabank branch at 1605 Germantown Parkway is being relocated a little more than a mile south of that location into a vacant space formerly occupied by Trust One Bank, which closed several of its locations recently.
11. 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.
12. Industry Growth
- Tuesday, November 15, 2011
The local banking and finance industries have proven to be a temporary boon of late to a group of people hit hard by contractions in banking and housing: architects and construction workers.
At the moment, a handful of new branches or office locations are either in some phase of construction or are preparing to open for companies that include Independent Bank, Evolve Bank & Trust, Metropolitan Bank, Iberiabank and Shoemaker Financial.
13. Slow Road to Rebound
- Friday, January 08, 2010
Don’t bother listening for the sound of champagne corks popping.
Instead of celebrating the end of 2009’s financial turmoil, many bankers and industry professionals in the Memphis area are greeting the arrival of a new year with a sigh of relief. And they’re recommitting themselves to game plans cobbled together either last year or back in 2008 to put their institutions on firmer footing.