Editorial Results (free)
1. Shelby County Mortgage Market Dips Slightly in January
- Wednesday, February 11, 2015
Even though total mortgage volume in Shelby County dipped slightly in January, Magna Bank – among the top lenders for the month – actually grew its volume in during the month.
2. Fresh Approach
- Saturday, February 07, 2015
Go from one bank to the next, and the offerings aren’t always that different: banks not only generally present similar products to customers, but rates – being as low as they are –aren’t always all that dissimilar, either.
3. Fourth-Quarter Mortgage Activity Shows Strength
- Tuesday, January 27, 2015
All things considered, the fourth quarter of 2014 was a better month for the mortgage market than the final quarter of 2013.
The county saw a 6 percent increase in the number of mortgages in the fourth quarter – 2,037, up from 1,922 during the year-ago period.
4. Shelby County Mortgage Market Sees Improvement
- Tuesday, January 27, 2015
The mortgage market in Shelby County ended 2014 in a slighter better position than where it stood in 2013.
Banks and mortgage lenders made 8,471 purchase mortgages in Shelby County during 2014, up 2 percent from the 8,301 mortgages during 2013, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.
5. November Mortgage Volume Drops 14 Percent
- Thursday, December 11, 2014
Looking at results from last month might suggest mortgage industry professionals are in the midst of a yearend slowdown, with phones not ringing quite as much as a result of interested buyers at the moment.
6. Shelby County Mortgage Activity Flat in Third Quarter
- Tuesday, October 14, 2014
The third quarter was a pretty quiet period for mortgage brokers, based on activity during the period and a comparison to what was happening at this time last year.
Banks and mortgage lenders made 2,513 purchase mortgages in Shelby County during the third quarter, statistically flat compared to the 2,522 mortgages during the third quarter of 2013, according to the latest data from real estate information company Chandler Reports, chandlerreports.com.
7. Shelby County Mortgage Market Dips in July
- Friday, August 08, 2014
Kathee Villar, a loan officer with Community Mortgage Corp., has worked for the lender for 23 years, and when you’re in that kind of place for that length of time, certain patterns start to repeat themselves.
8. Shelby County Mortgage Market Sees Modest Gain
- Tuesday, July 15, 2014
Shelby County mortgage lenders share a few common trends at the moment, as the area’s mortgage market begins to shake off the wintry chill of the first quarter.
Many of them report robust purchase mortgage activity, as refinances plummet to small fractions of their business. As a result of the demand, many of those lenders also have been adding mortgage officers to their ranks and plan to continue doing so.
9. Shelby County Mortgage Market Dips 2 Percent in May
- Wednesday, June 11, 2014
Sam Goff, a vice president of mortgage and senior loan originator with Independent Bank, said he’s “covered up” at the moment with requests for mortgage pre-qualifications.
10. Mortgage Market Up 8 Percent in April
- Thursday, May 08, 2014
Sam Goff, a senior loan originator at Independent Bank, announced in a post to his Facebook followers last month that mortgage rates were at one point about as low as they’d been in 2014 so far.
11. 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.
12. 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.
13. 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.
14. 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.
15. 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.
16. 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.
17. 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.
18. 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.
19. 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
20. 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.
21. 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.
22. 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.
23. 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.