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Editorial Results (free)

1. US New-Home Sales Close to Flat in September -

WASHINGTON (AP) — U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.

New-home sales edged up 0.2 percent last month to a seasonally adjusted annual rate of 467,000, the Commerce Department reported Friday. The report also revised down the August sales rate to 466,000 from 504,000.

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. Events -

Habitat for Humanity of Greater Memphis will hold free how-to clinics with Lowe’s and a kickoff of Habitat’s 2014 building season Thursday, Aug. 28, at Memphis Habitat, 7136 Winchester Road. Clinics will be held from 5 p.m. to 6:30 p.m. and will focus on painting and working with hardware and power tools. The short kickoff program will follow. Visit memphishabitat.com for details.

4. Obama Says He'd Save Money by Refinancing Mortgage -

LOS ANGELES (AP) – President Barack Obama said Wednesday he'd save money if he refinanced the mortgage on his Chicago home, but he hasn't jumped on current low interest rates because "when you're president you have to be a little careful about these transactions."

5. Henneberger Joins First State Bank Small-Business Lending Division -

Sean Henneberger has joined First State Bank’s small-business lending division as vice president/business development officer in the Memphis market. In his new role, Henneberger will help small businesses pursue loans through the U.S. Small Business Administration and U.S. Department of Agriculture Business and Industry Guaranteed Loan Program.

6. Meadows Named Director of Memphis Jewish Home & Rehab -

Bobby Meadows has joined Memphis Jewish Home & Rehab as executive director. Meadows, a licensed nursing home administrator, has 13 years of nursing home experience, including 11 as an executive director. Most recently, he served for six years at Allenbrooke Nursing and Rehabilitation Center in Memphis.

7. Stonebridge Apartments Sells for $22 Million -

9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016

Sale Amount: $21.9 million

Sale Date: Dec. 6, 2011

Buyer: AB Merion Stonebridge LLC

8. US Sales of Previously Occupied Homes Fell in Sept. -

WASHINGTON (AP) – The number of Americans who bought previously occupied homes fell in September. Home sales are on pace to match last year's dismal figures – the worst in 13 years.

9. US Home Sales Jump 7.7 Pct as Foreclosures Rise -

WASHINGTON (AP) – The number of Americans who bought previously occupied homes rose in August. But the sales were driven by an increase in foreclosures, a sign that home prices could fall further next year and slow a housing recovery.

10. Nominees Named for State Education Awards -

NASHVILLE (AP) – The Tennessee Department of Education has announced nominees for 2011 principal and supervisor of the year.

The principal nominees are: Evangeline Montgomery, Blountville Elementary; David Watts, Sweetwater High; Karen Hollis, Ganns Middle Valley Elementary, Hamilton County; Geeta McMillan, Cassville Elementary, White County; Larry Brown, J.E. Woody Elementary, Maury County; Debbie Bogdan, Discovery School, Dickson County; Teresa Jackson, Martin Elementary; Ricky Catlett, West Middle, Jackson-Madison County; Rita White, Riverwood Elementary.

11. Investors Drove Home Sales Up 3.7 Pct. in March -

WASHINGTON (AP) – Investors lifted U.S. home sales last month, plunking down cash to grab cheap homes at risk of foreclosure. But purchases made by first-time homebuyers fell, a troubling sign for the weak housing market.

12. 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.

13. Apartment Optimism -

Apartment owners and operators in the Memphis market forecast a bright 2011, boosted by a continued weak homebuying landscape and a lack of new multifamily product coming online within the market.

“2010 was certainly an improvement for the multifamily sector – both in operations and in sales – over 2009, and we expect to see more of the same next year,” said Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division. “Most operators experienced comfortable revenue growth throughout the year, and there is some positive momentum in continued stable occupancy and concession burn-off next year with the lack of new supply hitting the market.”

14. Conway Services Moves to Cordova -

Conway Services Heating, Cooling & Plumbing has signed a new lease to accommodate space for its growing service team.

Conway Services is moving from 6426 Summer Gale Drive in Memphis near Bartlett to a warehouse on 1220 Big Orange Road in Cordova.

15. Mortgage Rates Hit 4.44 Pct. as Economy Sours -

WASHINGTON (AP) – Growing pessimism over the weak economic recovery pushed mortgage rates to the lowest level in decades for the seventh time in eight weeks.

The average rate on a 30-year fixed mortgage hit 4.44 percent this week, mortgage buyer Freddie Mac said Thursday. And some brokers say homeowners looking to refinance have even managed to do so for as low as 4 percent.

16. Beyond the Stage -

People stumble across Hattiloo Theatre performances without getting near its playhouse.

The venue could be a library, a public park or even a chamber of commerce luncheon. Sometimes, you have to leave the stage behind to gain recognition, said theater founder Ekundayo Bandele.

17. Buena Vista Apartments in Frayser Foreclosed, Sold to Atlanta Company -

3431 N. Trezevant St.
Memphis, TN 38127
Sale Amount: $1.3 Million

Sale Date: Jan. 12, 2010
Buyer: Tritex Real Estate Advisors Inc.
Seller: Emily Bowman, successor trustee

18. Buena Vista Apartments In Frayser Sold for $1.3M -

The 62-unit Buena Vista Apartments at 3431 N. Trezevant St. in Frayser sold Tuesday for $1.3 million in a successor trustee’s deed following a foreclosure of the property.

19. John Daly’s Home Foreclosed, Sold on Courthouse Steps -

9844 Legends Drive
Germantown, TN 38139
Sale Amount: $1.2 Million

Sale Date: Feb. 5, 2009
Buyer: Regions Bank
Seller: J. Phillip Jones, Substitute Trustee

20. FHA Loans Take Lion’s Share of Mortgage Activity -

As the mortgage industry closes the book on an abysmal year, it can thank the Federal Housing Administration for being one of the few bright spots of 2008.

Through Oct. 31, home loans insured by FHA in Shelby County increased 226 percent – twice the national average – compared to last year. Also, they accounted for 28.9 percent of all mortgages as lenders reacted to the subprime fallout of 2007-2008.

21. Memphis Branch Of Investors Group To Expand -

At a time when mortgage lenders are shrinking or even shutting down in response to the housing crisis, Knoxville-based Mortgage Investors Group is expanding.

The independent, residential lending company has opened its first branch in Memphis – its 20th overall – at 5384 Poplar Ave. with a staff of nine and plans to add three more employees before the end of the year.

22. States Cut Spending, Put Projects on Hold -

With the economy in a slide and the credit markets seized up, states are slashing budgets, eliminating jobs, putting major construction projects on hold and nervously waiting to see whether their shriveled pension funds recover.

23. Q3 Home Sales Drop 22 Percent -

The real estate market hasn’t plunged as dramatically as the stock market has, but much like the Dow Jones industrial average, housing has seen better days.

The downward spiral continued in the third quarter of 2008 as residential sales declined 22.3 percent in Shelby County compared to the same quarter a year ago, according to the latest numbers from real estate information company Chandler Reports, www.chandlerreports.com.

24. Housing Construction Plummets 6.2 Percent in August -

WASHINGTON (AP) – Construction of new homes and apartments fell to the lowest level in 17 years last month, showing the country is still gripped by a severe housing downturn that has triggered billions of dollars of losses and is reshaping the structure of U.S. finance.

25. Weak Rules Cripple Appraiser Oversight -

CHARLOTTE, N.C. (AP) - As soaring home prices set the stage for America's great housing meltdown, a critical step in making sure those home sales were a fair deal - the real estate appraisal - was undermined from within.

26. New Home Sales Drop 0.6 Percent In June -

WASHINGTON (AP) – Sales of new homes fell in June for the seventh time in the past eight months, more proof that the worst housing slump in decades is getting deeper.

The Commerce Department reported Friday that sales of new single-family homes dropped by 0.6 percent last month to a seasonally adjusted annual rate of 530,000 units following an even bigger 1.7 percent fall in May.

27. Housing Bill Won't Solve Market's Problems -

WASHINGTON (AP) - Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market.

28. FHA Loans Skyrocket in Shelby County -

As a result of tighter lending guidelines in the mortgage industry, home loans by the Federal Housing Administration (FHA) have skyrocketed in 2008, and their rapid rise could be a savior for the housing market.

29. Sales of Existing Homes and Prices Both Fall in January -

WASHINGTON (AP) - Sales of existing homes fell for the sixth straight month in January, dropping to the slowest sales pace on record. Median home prices were also down and many analysts predicted further price declines in the months ahead given high levels of unsold homes.

30. Archived Article -

1669 Randolph Place
Memphis, TN 38120
Sale Amount: $13.5 million

Sale Date: Dec. 20, 2007

Buyer: Poplar Place Associates LLC

31. Near-Term Home Sales IndexSees August Decline -      An index that forecasts near-term home sales fell in August to a record low as would-be homebuyers had difficulty getting mortgages. Economists said the housing market's woes show no sign of improving soon.
 &nb

32. Countrywide Tries to Regain Footing Atop Shaky Mortgage Industry -

LOS ANGELES (AP) - Countrywide Financial Corp. grew from a two-man startup in 1969 to become the nation's leading mortgage lender by deftly riding out housing boom-and-bust cycles.

This time around, however, the ride has been a lot rougher, leaving the company in a scramble to regain its footing as the housing market has turned from boom to bust.

33. Reverse MortgagesCould be Obtained by Seniors -      An estimated 2 million American senior citizens could tap into the equity they have built up in their homes by obtaining reverse mortgages. That's if Congress passes legislation to modernize Housing and Urban Development

34. Archived Article: Newsmakers - GLANKLER BROWN ATTORNEYS SOME OF THE BEST IN AMERICA

VA Researcher Awarded for Scientific Achievement

Dr. Andrew H. Kang was presented the William S. Middleton Award, the Department of Veterans Affairs most prestigious award for scientific ach...

35. Archived Article: Real Briefs - The Mississippi River Commission of the U

The Mississippi River Commission of the U.S. Army Corps of Engineers holds its annual low-water inspection trip at 9 a.m. today on the motor vessel Mississippi at Tom Sawyer Park in West Memphis, Ark.

...

36. Archived Article: Calendar - Calendar of events March 10-March 16

Calendar of events March 10-March 16

March 10

The International Association for Administrative Professionals monthly meeting features Pat Row, IAAP Tennessee division president, at 6 p.m. at the Holiday ...

37. Archived Article: Cme (lead) - CME Church 228-lot subdivision on tap CME Church plans 228-lot

By MARY DANDO

The Daily News

A plan to provide affordable housing in the Third Street corridor for middle-class families will go into action sometime next year, if approved by t...

38. Archived Article: Real Focus - By STACEY WIEDOWER

Agencies say wait and see on changes to Fed program

By STACEY WIEDOWER

The Daily News

The Government National Mortgage Association, or Ginnie Mae, has proposed changes to its Mortgage-Backed Securities program that Gin...

39. Archived Article: Comm Focus - By JENNIFER MURLEY Organization finds a place it can call home By JENNIFER MURLEY The Daily News Last spring, Freddie Mae Terrells life was forever changed. It all began with an inquiry about a few much-needed home repairs through a Christian commun...

40. Archived Article: Real Briefs - Memphis-based Mid-America Apartment Communities announced the start of leasing of its new apartment community, Kenwood Club, l Memphis-based Mid-America Apartment Communities announced the start of leasing of a new apartment community, Kenwood Club,...

41. Archived Article: Mortgage Chg - Interest rates may boost Mortgage lending up in 1997; 15-year loans more popular By CAMILLE H. GAMBLE The Daily News Fourth quarter mortgage lending in Shelby County was up almost 12 percent from the same period a year ago, with $1.21 billion in loa...

42. Archived Article: Grants - U of M to receive $300,000 in grant money U of M to receive $300,000 in grant money By SUZANNE THOMPSON The Daily News Two grants totaling $300,000 are headed to the College of Education at the University of Memphis to help improve public schools an...