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VOL. 122 | NO. 158 | Wednesday, August 22, 2007

Kemmons Wilson Cos. Builds Lifestyle Condos

Part of the recent hand-wringing over the fate of the housing market has to do with more and more borrowers finding themselves stuck in homes they can't afford. At the other end of the spectrum, there are the wealthy investors - spooked by the volatility of it all - taking actions that inadvertently rock broader sections of the economy.

Supply-Chain Slowdowns Could Spell Big Business for Warehouses

Can Memphis benefit from a nationwide economic slowdown? Probably not, but the city dubbed America's Distribution Center might be better situated than most cities to weather the ferocious storm ahead.

Perrin to Oversee Orpheum's Fundraising Efforts, Special Events

The Orpheum Theatre announced Jim Perrin has been named vice president of development. Perrin previously served as the president of Junior Achievement of Memphis & the Mid-South Inc. In his new position, he will oversee the Orpheum's fundraising efforts, special events and other projects.

Commissioners Weigh Options For Juvenile Court

Shelby County Commissioners meet today to debate the next move in the legal fight over a second Juvenile Court judge's position.

High Foreclosure Rates Affect Investments - Positively

Despite talk of a softening housing market and impending doom for mortgage lenders, those in the real estate investment business see nothing but opportunity these days.

Local Weather
Currently
Memphis, TN
84.0°F
A Few Clouds
Wind: Calm mph
Humidity: 55%

EVENTS

Talk Shoppe will meet today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. The topic is "Curb Appeal: Improving Your Home's Landscape to Increase Its Sales Potential" with Rebecca Veneklasen. This event is free and open to the public.

more events »

Federal Home Loan Bank System Opening Cash Spigots to Mortgage Lenders in Credit Squeeze

As the housing crisis worsens and the Federal Reserve has swooped into the market to ensure liquidity, the 12 regional banks are making more cash available to banks and thrifts that make mortgage loans.

SEC Files Civil Fraud Charges Against Sentinel Management Over Freeze Amid Market Turmoil

The Securities and Exchange Commission said its civil complaint filed in federal court in Chicago accuses Sentinel of "fraudulent conduct (that) has placed its clients at risk of serious and irreparable loss."

Buyers for Distressed Mortgage Debt are Scarce, But They Exist, Despite Market Downturn

The buyers in these deals include a major investment bank and several well-known hedge funds.

American Home Mortgage "Bombarded" by Demands From Lenders

The clamor from lenders is complicating American Home's attempt to liquidate its assets in an orderly fashion, the attorney, John T. Dorsey said at a hearing in the U.S. Bankruptcy Court in Wilmington, Del.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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