» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 123 | NO. 112 | Monday, June 9, 2008

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.

Bank of Bartlett Extends Its Reach to Downtown

Bartlett and Downtown Memphis are separated by about 15 miles, what could be perceived as a political and cultural divide and different economic centers of gravity.

Jobless Rate Jumps to 5.5% – Biggest Rise Since ’86

WASHINGTON (AP) – The nation’s unemployment rate jumped to 5.5 percent in May – the biggest monthly rise since 1986 – as nervous employers cut 49,000 jobs.

Bank of America Wins Approval To Buy Countrywide

CHARLOTTE, N.C. (AP) – The Federal Reserve has approved Bank of America Corp.’s purchase of distressed mortgage lender Countrywide Financial Corp.

Technology Keeps Exercisers On Track, Motivated

When it comes to exercise, sometimes people just need a little nudge every now and then to help them stick to a routine or even a diet.

Local Weather
Currently
Memphis, TN
48.0°F
A Few Clouds
Wind: North at 11.5 mph
Humidity: 37%

EVENTS

The Engineers’ Club of Memphis Inc. will hold its weekly lunch meeting today at noon at the Holiday Inn-University of Memphis, 3700 Central Ave. Ray Wofford, the special projects executive for ACO Polymer Products, will speak on “The ABC’s of Trench Drainage.” The cost is $12 and no reservations are required.

more events »

Consumer Borrowing Rises at Slower Pace in April

WASHINGTON (AP) - Consumers relied a lot less on their credit cards in April with debt in that area rising at the slowest pace in nearly three years.

Lenders Slash Prices on Foreclosed Houses as Numbers Surge

Lenders stung by the housing bust are slashing prices dramatically to rid themselves of an unprecedented number of foreclosed properties, sparking bidding wars in some places that hearken back to the market's go-go years and may signal the bottom is near.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 183 20,949
MORTGAGES 130 174 24,535
FORECLOSURE NOTICES 0 23 8,633
BUILDING PERMITS 163 359 42,696
BANKRUPTCIES 61 116 14,018
BUSINESS LICENSES 24 46 6,447
UTILITY CONNECTIONS 29 85 13,596
MARRIAGE LICENSES 24 47 5,116

Weekly Edition

Issues | About

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