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Editorial Results (free)

1. Mortgage Market Up 12 Percent in October -

As the year is drawing to a close and the weather is cooling down, the local mortgage market keeps heating up. Continuing a trend that’s held somewhat steady, the market for mortgages in Shelby County continues to improve over the past year.

2. Mortgages Up 15 Percent in November -

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.

3. Dewald Selected to Chair Life and Health Insurance Foundation -

Jack Dewald will serve as chairman of the board for the Life and Health Insurance Foundation for Education.

Dewald is president and owner of Agency Services Inc.

4. Mortgage Industry Hopes for Turnaround -

Last week saw the installation of new officers for the Memphis Mortgage Bankers Association, and last month saw further stabilization of local mortgage numbers.

Meribeth LaBarreare, senior loan officer at Magna Bank and outgoing MMBA president, said the past year has been a rocky one for the industry, but that her tenure as president was a positive experience – even calling it a “blast” – despite these crazy financial times.

5. Slight Decline In Mortgage Activity Not a Deal-Breaker Yet -

Mortgage activity went lockstep with home sales in May, registering a disappointing – albeit slight – decline from the previous month as industry experts hoped for better numbers.

Just 686 residential mortgages were made in Shelby County last month, a 4.6 percent decline from 719 in April and a 22.4 percent decline from 884 in May 2008, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. (This report tracked only mortgages taken at the time of purchase, not refinancings.)

6. McDowell Named Radiology Director At Methodist University Hospital -

Tina McDowell has been promoted to director of radiology at Methodist University Hospital. She served as the manager of diagnostic radiology at MUH for the past six years.

7. Ranta Elected Treasurer Of Southern Arts Federation -

Frederick W. Smith, founder of FedEx, has received an honorary doctorate from the University of Memphis. Smith is chairman, president and chief executive officer of FedEx Corp. He oversees the company’s branches, including FedEx Services, FedEx Express, FedEx Freight and FedEx Office. Smith has served on the boards of several companies, including St. Jude Children’s Research Hospital and the Mayo Foundation. He is a member of the Business Roundtable and co-chairman of the Energy Security Leadership Council.