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VOL. 124 | NO. 230 | Monday, November 23, 2009

Banks, Lenders See Loan-Modification Successes

The Obama administration says its mortgage modification program is making progress and enrolling a growing number of people to participate in the effort to keep borrowers in their homes.

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.

Gates Grant Helps Define Effective MCS Teachers

Even as Microsoft founder Bill Gates and his wife, Melinda Gates, were announcing a $90 million, seven-year grant to Memphis City Schools last week, the school system already had an important clue about the effort to define an effective teacher.

Gov’t Attempt to Push Transparency for Mortgage Mods Falls Short

For months, housing advocates have complained that mortgage servicers are wrongfully denying homeowners’ applications for the administration’s $50 billion mortgage modification program.

Speaker to Urge Employers Take Part In Health Reform

The time has come for those who actually pay for the bulk of private sector health care costs to assert themselves, according to Andrew Webber, the president of the National Business Coalition on Health.

Painted Planet Comes Back to Life

The Painted Planet Art Space has re-emerged in Memphis after a two-year hiatus.

Shelby County Commission Agenda

The Shelby County Commission will meet today at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Several property- and lease-related resolutions are on the agenda, as well as a resolution approving some county mayoral nominations. Click on the icon for the full meeting agenda.

THE MEMPHIS NEWS

Housing Divided

A couple of years ago, when Clay Thompson of Memphis decided it was time to stop renting, he set his sights on the Downtown condominium market. He was especially interested in the old warehouses in the South Main Historic Arts District that had been converted to condos.

Waiting Out Recession Will Be Worth It for Condo Industry

Whether it’s called an overhang, a lot of inventory or a bust, the ill effects of condo fever in Memphis are still a threat to the city’s recovery in a recession.

Next Governor Must Be Ready to Manage State Budget Crisis

Republican Bill Haslam is running for governor.

GOP Hopefuls Share Views On Gov’s Race

The four major contenders for the Republican nomination for governor have been sharing the same stage a lot since the 2010 race came to life in January.

Missy Raines and the New Hip Help BPACC Get to Roots

The Bartlett Performing Arts and Conference Center (BPACC) goes back to its roots with a one-night show of award-winning bluegrass musicians Missy Raines and the New Hip. Raines likes to remind audiences that even traditional music can be “left of bluegrass center.”

Bartenders Become Multitaskers During Economic Downturn

On a Thursday evening at 6:30, the bar at Interim is packed. Every seat is taken, people stand behind the patrons sitting at the bar and every seat at the high tables is taken too. The clamor and hubbub are tremendous.

Sweet Doesn't Define All Rieslings

Let’s get real. I’m going to make you like Riesling.

STATEWIDE

Judge Strikes Down Tenn. Guns-in-Bars Law

NASHVILLE, Tenn. (AP) - A judge ruled Friday that a new law allowing handguns in Tennessee bars and restaurants is unconstitutional.

Students Face 5 Percent Tuition Hike in Tenn.

NASHVILLE, Tenn. (AP) - Students at Tennessee's public colleges and universities could be facing a 5 percent tuition increase.

Rural Areas Targets of Seat Belt Crackdown

NASHVILLE, Tenn. (AP) - Law enforcement officers in Tennessee are targeting rural areas for motorists and passengers not wearing seat belts.

REGIONAL

Analysis: Barbour's Budget Sure to Spark Activism

In releasing his budget proposal last week, Mississippi Gov. Haley Barbour might've tapped into his own version of economic stimulus.

Lawyers-in-Training to Compete at Little Rock

LITTLE ROCK, Ark. (AP) - Lawyers of the future will compete at Little Rock to see who performs best in the courtroom.

NATIONAL BUSINESS

More States Add Jobs, But Many for Temporary Staff

WASHINGTON (AP) - In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment.

REAL ESTATE

New Fed Housing Program Involves $29B in Financing

WASHINGTON (AP) - A new federal program to support state and local housing finance agencies is expected to involve more than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday.

NATIONAL POLITICS

AP IMPACT: Some Lawmakers Send Few to Academies

ANNAPOLIS, Md. (AP) - As the nation's military academies try to recruit more minorities, they aren't getting much help from members of Congress from big-city districts with large numbers of blacks, Hispanics and Asians.

Past CNN Head, Bush Aide Named to Broadcast Board

WASHINGTON (AP) - President Barack Obama has nominated a former press secretary to President George W. Bush and a past chairman of CNN to the Broadcasting Board of Governors. The independent agency oversees nonmilitary international broadcasts sponsored by the federal government, including Voice of America.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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