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Editorial Results (free)

1. Shelby County Mortgage Market Down 19 Percent in August -

BankTennessee president and CEO Jim Rout sees new home sales and resales “fairly steady” at the moment.

But, in a common refrain among many local bankers looking at their recent numbers, the activity is not at the level that might be expected, considering still-historic low interest rates.

2. Mortgage Market Sees Small First-Quarter Gains -

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.

3. Mortgage Market Grows 3 Percent in 2013 -

The mortgage market in Shelby County ended 2013 with a modest improvement over 2012, with signs pointing to more advances in 2014.

Banks and mortgage lenders made 8,298 purchase mortgages in Shelby County during 2013, a 3 percent improvement from the 8,027 mortgages during 2012, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

4. Building the Future -

The CEO of the largest bank based in Memphis told analysts earlier this year on the company’s first-quarter earnings call that executives there are in the middle of rethinking the bank’s branch network.

5. Banks Step Up Barriers Against Hacking -

There’s an urban legend about a famed bank robber who, when asked why he targeted banks, answered matter-of-factly, “Because that’s where the money is.”

The same principle applies in the digital age of banking. Hacking and cyber theft are on the rise, and banks and their websites, mobile sites and smartphone apps increasingly are targeted by crooks because, well, that’s where the data is.

6. Mortgage Market Rises 22 Percent in July -

The month of July may help buoy expectations among optimistic participants in the mortgage industry that a housing recovery is taking hold in Shelby County.

Mortgage volume for the month was up almost 22 percent in July, climbing to almost $173 million last month from $142.2 million in July 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

7. Mortgage Activity Sees Small Increase -

Mortgage activity was a bit lackluster in Shelby County last month compared to the same time in 2012, judging by the latest data.

Looking forward, though, bankers say the demand is there, the busy season for lenders is well underway and that the purchase mortgage business is at times far outpacing demand for refinances.

8. First State Bank Opening Memphis Location -

First State Bank is opening a new Memphis location and has hired a new team to grow the customer base and develop a branch network here.

9. First State Bank Opening Memphis Location -

First State Bank is opening a new Memphis location and has hired a new team to grow the customer base and develop a branch network here.

10. Magna Bank Taps Stewart To Lead SBA Division -

Tom Stewart has been named senior vice president and manager of the small business administration division at Magna Bank. Since joining Magna in March, Stewart has led the bank in obtaining national preferred lending provider status. In his new role, Stewart will oversee all business development activities for the Mid-South along with portfolio management and loan servicing.

11. Renasant Taps Weaver as New Senior VP -

Renasant Bank has tapped Kim Weaver as senior vice president and commercial loan officer for Memphis.

12. TAKING A DIP -

Leslie Albers finds it difficult to put into words what she felt when she first met her daughter. Albers and her husband, Steve, were in the Shaanxi province of China the first time they saw Zoie Li.

13. Preservation Series Almost Here -

Today, Memphis neighborhoods like Annesdale-Snowden, the charming, tree-lined community surrounding Lamar Avenue and Bellevue Boulevard, are symbols of another time.

In the 1850s, Dr. Samuel Mansfield built a 200-acre estate there on the outskirts of Memphis, which he later sold to a Col. Robert Brinkley. Brinkley gave the property's Italianate mansion to his daughter as a wedding present, and her son, Robert Brinkley Snowden, later built a home of his own in the area.

14. Archived Article: Newsmakers - U of M Honors Outstanding Alumnus

Transplants Foundation Names Board Officers

The National Foundation for Transplants announced the election of the following officers of its board of directors: Larry Pardue, chairman; Sandra Livesay, vice chai...

15. Archived Article: Calendar - Calendar of events May 5-11

Calendar of events May 5-May 11

May 6

The U.S. Department of Housing Urban Development and the city of Memphis are sponsoring a free Renewal Community Tax Incentive Conference at 9:15 a.m. Tuesday and 8:30 a.m. W...

16. Archived Article: Calendar - Calendar of events Jan Calendar of events: May 13-19 May 13 Network of Memphis, an organization of progressive, professional and entrepreneurial women, meets the second Monday of the month at Napa Cafe in Sanderlin Centre at 5:30 p.m. The May meetin...

17. Archived Article: Real Focus (hbg) - Hnedak Bobo creates master plan for firms future Hnedak Bobo creates blueprint for firms future By LAURIE JOHNSON The Daily News In an effort to ensure its success into the 21st century and beyond, Memphis architecture firm Hnedak Bobo Group has exp...

18. Archived Article: Calendar - March 17 March 17 The Institute of Management Accountants will meet at Union Planters, 6200 Poplar Ave. from 6 p.m. to 9 p.m. The seminar topic will be the Internet, and the presenter will be Dr. Larry Schmidt of Christian Brothers University. The c...