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VOL. 123 | NO. 234 | Monday, December 1, 2008

Commercial Mortgages Down 41 Percent From ‘07

Tom Portis was surprised to hear that BancorpSouth Bank ranked as the top commercial mortgage lender in Shelby County for October, especially in light of its competition in this market.

Plan to Stem Foreclosure Process Comes Into Focus

Little by little, a comprehensive plan for solving the foreclosure problem in the Memphis area is coming together. A makeshift task force has been assembled, and its members continue to receive their individual marching orders.

Diamond Doors Lets Light In

Jonathan Wogan knows that a new window on an old door can dress up a house because he’s been in the real estate trenches.

Local Weather
Today
Memphis, TN
83°F
Partly Cloudy
Wind: 0 mph
Humidity: 49%

EVENTS

The Engineers’ Club of Memphis Inc. will hold its weekly meeting and lunch today at 11:30 a.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. Thomas P. Smith, District Commander, Memphis District, U.S. Army Corps of Engineers, will present arms. Cost is $14. No reservations are required.

more events »

FDA Finds Traces of Melamine in US Infant Formula

Traces of the industrial chemical melamine have been detected in samples of top-selling U.S. infant formula, but federal regulators insist the products are safe.

Uncertain Times

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 10 86 2,624
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

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The Memphis News: Business, politics, and the public interest.