Editorial Results (free)
1. Adjustable-Rate Loans See Resurgence
- Thursday, July 21, 2016
A loan product that loomed large during the financial crisis of 2007-08 is making something of a return to the local mortgage lending landscape, new data show.
The number of conventional adjustable-rate loans made to Shelby County borrowers so far this year has approached levels not seen since the housing bust, according to figures from real estate information company Chandler Reports, www.chandlerreports.com. Through the first half of 2016, 114 of those so-called ARMs have been recorded at the time of sale, up 2,750 percent from the first half of 2015.
2. Mortgage Market Sees 8 Percent Gain in June
- Thursday, July 14, 2016
Shelby County’s mortgage market is sticking to its familiar pattern and heating up along with the temperatures outside as total purchase mortgage volume hit $214 million in June.
That’s an 8 percent improvement over June 2015’s total of a little more than $198 million, according to real estate information company Chandler Reports, www.chandlerreports.com.
3. Shelby County Mortgage Market Up 33 Percent in February
- Thursday, March 10, 2016
Bankers and real estate professionals were insisting as 2016 got under way that a hot mortgage market was in the cards, and the just-in numbers for February appear to add some weight to that belief.
4. Midtown Memphis Ready for Apartment Building Boom
- Friday, February 05, 2016
It’s been more than a decade since new apartments were built in Midtown, and that’s poised to change in a big way with a wave of new multifamily construction stretching from Binghampton to Crosstown.
5. Shelby County Mortgage Market Up 18 Pct. in November
- Thursday, December 10, 2015
When Sam Goff gets phone calls these days from prospective homebuyers wanting to start the mortgage loan process, the conversations tend to start the same way.
6. Shelby County Mortgage Market Rises 14 Percent
- Friday, July 10, 2015
On a normal day, Independent Bank vice president of mortgage Sam Goff will get maybe one or two calls from buyers asking about rates and looking to buy a home.
- Wednesday, March 25, 2015
Startup Grind, a series designed to educate, inspire and connect entrepreneurs, will host a discussion with James Ruffer on Wednesday, March 25, from 6:30 p.m. to 8:30 p.m. at Cowork Memphis, 902 S. Cooper St. Ruffer is a security expert, ethical hacker and co-founder of mobile payments startup PAAY. Tickets are $15 online or $20 at the door. Visit startupgrind.com/memphis for details.
- Saturday, March 21, 2015
Midtown Memphis Development Corp. will present the inaugural Mojo of Midtown Awards Wednesday, March 25, at 6 p.m. at Circuit Playhouse, 51 S. Cooper St. The awards honor individuals and organizations whose contributions benefit Midtown Memphis. Tickets are $35 in advance or $40 at the door. Email Sam Goff at firstname.lastname@example.org or George Larrimore at email@example.com.
9. Shelby County Mortgage Market Sees Improvement
- Tuesday, January 27, 2015
The mortgage market in Shelby County ended 2014 in a slighter better position than where it stood in 2013.
Banks and mortgage lenders made 8,471 purchase mortgages in Shelby County during 2014, up 2 percent from the 8,301 mortgages during 2013, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.
10. Shelby County Mortgage Market Dips 2 Percent in May
- Wednesday, June 11, 2014
Sam Goff, a vice president of mortgage and senior loan originator with Independent Bank, said he’s “covered up” at the moment with requests for mortgage pre-qualifications.
11. Mortgage Market Up 8 Percent in April
- Thursday, May 08, 2014
Sam Goff, a senior loan originator at Independent Bank, announced in a post to his Facebook followers last month that mortgage rates were at one point about as low as they’d been in 2014 so far.
- Wednesday, October 16, 2013
Cannon Wright Blount will hold a QuickBooks seminar Wednesday, Oct. 16, from 9 a.m. to 11 a.m. at its office, 756 Ridge Lake Blvd. The session will cover setting up payroll items and employees, time tracking, and paying employees and tax liabilities. Cost is $75. Visit cannonwrightblount.com/resources to register.
- Tuesday, October 15, 2013
Methodist South Hospital will host a lunch and learn titled “Breast cancer awareness: prevention, symptoms and treatment options” Tuesday, Oct. 15, from 11 a.m. to 1 p.m. in meeting rooms A and B of the hospital, 1300 Wesley Drive. Cost is free. RSVP to 888-777-5959.
- Monday, October 14, 2013
The Orpheum Theatre will present “Buddy: The Buddy Holly Story” Tuesday, Oct. 15, through Sunday, Oct. 20, at the theater, 203 S. Main St. Visit orpheum-memphis.com or call 525-3000 for showtimes and tickets.
15. Memphis Housing Market Waiting for Shutdown Impact
- Monday, October 07, 2013
The shutdown of the U.S government has had a minimal impact on the local housing market so far, but that could change if the shutdown stretches on for a week or more.
Homebuyers in the process of acquiring a house could be delayed while lenders are blocked from key actions like confirming Social Security numbers and accessing IRS tax records.
16. Midtown Momentum
- Saturday, December 22, 2012
The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.
“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”
17. Q1 Mortgages Up 12 Percent
- Tuesday, April 17, 2012
As the new year got under way, it didn’t look like Shelby County’s mortgage market was going to be ringing in 2012 with a bang.
By the end of January, the market was in pretty much the same place as it was one year earlier, with total mortgage volume barely budging (to $67 million, barely up from January 2011’s mortgage volume of $65.3 million).
18. Recovery Roadblock
- Monday, March 21, 2011
As the housing market inches closer to correction, the potential elimination of government-controlled housing institutions Fannie Mae and Freddie Mac could bring the recovery to a screeching halt.
In 2008, Fannie Mae and Freddie Mac were pushed to the verge of collapse, partially because both failed to charge enough for the guarantees they sold to protect lenders and investors, which for decades were fully backed by the government.
19. Low Rates Spark Mortgage Activity
- Tuesday, July 13, 2010
Mortgage rates that have fallen to the lowest levels on record are bringing with them a sound loan officers in Memphis no doubt like to hear – the incessant ring of the telephone.
A robust jump in second quarter local mortgage activity coincided with a dramatic plunge in mortgage rates, as rates on 30-year fixed mortgages that already were at historic lows dropped even further during the past several weeks.
20. Mortgage Numbers Stronger in Q1
- Tuesday, April 13, 2010
The mortgage industry’s first quarter was the picture of progress compared to the same quarter a year ago.
Although this year’s first quarter fell a little short of Q1 2009, each month of the new year showed a slight improvement and March showed a rare year-over-year improvement, giving the industry hope that recovery is near.
21. Loan Changes Could Alter Market
- Tuesday, March 30, 2010
The Federal Housing Administration will enact a couple of changes in its loan procedures, including one going into effect next week, but how much they bear on home sales remains to be seen.
Beginning Monday, FHA will increase its upfront mortgage insurance premium from 1.75 percent to 2.25 percent. So, for someone buying a $100,000 home, that’s an additional $500 they’ll have to finance into the loan.
22. Mortgage Numbers Drop In February
- Thursday, March 18, 2010
Like anyone in the real estate business, mortgage bankers have April 30 circled on their calendars.
That’s when the federal homebuyers tax credit is set to expire, bringing an end to the program that gives cash for a home purchase.
23. Dewald Selected to Chair Life and Health Insurance Foundation
- Wednesday, January 13, 2010
Jack Dewald will serve as chairman of the board for the Life and Health Insurance Foundation for Education.
Dewald is president and owner of Agency Services Inc.
24. Mortgage Activity Sums Up Dreary ’09
- Tuesday, January 12, 2010
Although the mortgage industry enjoyed an uptick in activity as the year ended, it by no means salvaged an otherwise abysmal 2009.
Lenders suffered one of their worst years for purchase mortgages in recent memory, making only 8,399 loans in 2009, according to real estate information company Chandler Reports, www.chandlerreports.com. (Data for this report included purchase mortgages only, not refinances.)
25. Mortgage Originator Not Consumed by Industry Woes
- Monday, January 04, 2010
The road Sam Goff took to his current position as mortgage originator at Evolve Bank and Trust has been a long and winding one, to say the least.
26. Mortgage Activity Looks Up in November
- Monday, December 14, 2009
It stands to reason that whenever home sales have a good month, the mortgage industry will also. Not surprisingly, the latest loan data held up their end of the bargain and for the first time all year outpaced the same month of 2008.
27. Mortgage Industry Hopes for Turnaround
- Monday, November 23, 2009
Last week saw the installation of new officers for the Memphis Mortgage Bankers Association, and last month saw further stabilization of local mortgage numbers.
Meribeth LaBarreare, senior loan officer at Magna Bank and outgoing MMBA president, said the past year has been a rocky one for the industry, but that her tenure as president was a positive experience – even calling it a “blast” – despite these crazy financial times.
28. Mortgage Numbers Down But Rising
- Tuesday, October 13, 2009
Keith Barger, an executive vice president at Patriot Bank, said the Millington-based community bank has considered itself blessed throughout 2009.
29. Experts: Mortgage Numbers Still Down, But Rebounding
- Monday, September 21, 2009
It’s hard to find a mortgage banker who doesn’t appreciate the $8,000 first-time homebuyers federal tax credit. The program, set to expire Nov. 30 unless Congress extends it, has provided a spark for the industry as hundreds of thousands of buyers are taking advantage of it.
30. Q2 Mortgages Up 34 Percent
- Tuesday, July 14, 2009
The mortgage industry is yet another group that viewed the second quarter numbers with some ambivalence. The period (April through June) was highlighted by slight improvements from the previous quarter but well off the mark from the same quarter the previous two years.
31. Q1 Mortgage Numbers So Predictable
- Tuesday, April 14, 2009
With home sales continuing their dramatic decline, it stands to reason that mortgage activity would mirror the sales slump and register its own set of disappointing numbers.
That logic certainly prevailed in the first quarter of 2009, which saw a significant dropoff in residential mortgages, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
32. Mortgage Bankers Aflutter Over Refi Boom
- Thursday, January 15, 2009
The new year brought new hope for the embattled mortgage industry, but it also brought a continuation of low interest rates, which has spurred a refinancing boom unlike any in recent memory in Memphis and elsewhere.
33. Bankers Thank Their Stars '08 is Over
- Tuesday, January 13, 2009
Go ahead and count the mortgage industry as yet another group overjoyed to see 2008 come to an end.
“Thank God it’s over – that’s what everybody is saying, ‘Thank God it’s over,” said Meribeth LaBarreare, vice president and senior loan officer for Magna Bank and 2009 president of the Memphis Mortgage Bankers Association.
34. McDowell Named Radiology Director At Methodist University Hospital
- Wednesday, January 07, 2009
Tina McDowell has been promoted to director of radiology at Methodist University Hospital. She served as the manager of diagnostic radiology at MUH for the past six years.
35. Boyle’s Halperin Receives Realtors Commercial Alliance Award
- Wednesday, November 19, 2008
Mark Halperin of Boyle Investment Co. has received the 2008 Realtors Commercial Alliance National Award from the Realtors Commercial Alliance.
36. Mortgage Bankers Anticipate More Activity
- Monday, September 22, 2008
The phone has been ringing nonstop for Sam Goff, mortgage loan originator for Evolve Mortgage and vice president of the Memphis Mortgage Bankers Association (MMBA).
With the recent drop of interest rates on the heels of the Fannie Mae and Freddie Mac crisis, Goff’s mortgage clients are calling to see if refinancing their mortgages might be a good idea.
37. July Mortgage Activity Drops 37 Percent
- Monday, August 11, 2008
The federal housing bill recently signed into law might bring relief to the beleaguered mortgage industry, but it likely won’t bring results for a few months. In the meantime, the real estate market sputters along and lenders struggle to keep pace with last year’s numbers.
38. Mortgage Industry Gets Sound Drubbing
- Wednesday, March 12, 2008
The mortgage industry continued to get knocked around this week, absorbing a flurry of punches on both the national and local fronts.
First, various media outlets reported that Countrywide Financial Corp., the nation's largest mortgage lender, is being investigated by the FBI for securities fraud.
39. Residential Growth Draws Commerce, Industry in DeSoto
- Tuesday, February 06, 2007
It was only 50 years ago that DeSoto County was a collection of small, sleepy agrarian communities. But over half of a century, things have changed dramatically. And just in the past year, development has continued at a breakneck pace.
40. DeSoto's Dance with Development
- Thursday, January 19, 2006
It's no secret the DeSoto County residential market has been thriving over the past few years, but commercial development is closing in fast on the heels of the many new DeSoto County residents.
Chuck Roberts, who has lived in Mississippi for around 20 years and owns Chuck Roberts Commercial Real Estate, has seen the area's commercial development pick up over the years. He points to the Southaven Towne Center at Interstate 55 and Goodman Road as the most obvious commercial development in the county.
41. Med Nurse Earns State Leadership Award
- Wednesday, November 02, 2005
The Tennessee Nurses Association recognized Dr. Diane Todd Pace with the Alma E. Gault Leadership Award. Pace is a nurse practitioner/nurse scientist with the Regional Medical Center at Memphis/Health Loop Clinics. She earned a doctorate from the University of Tennessee.
42. UTHSC Names Neonatology Division Chief
- Wednesday, July 27, 2005
Dr. Ramasubbareddy Dhanireddy was named neonatology division chief and Sheldon B. Korones Professor in Neonatology at the University of Tennessee Health Science Center. Dhanireddy also will serve as medical director of the Sheldon B. Korones Newborn Center at the Regional Medical Center at Memphis. He previously served as neonatology division chief at the Louisiana State University Health Sciences Center.
43. Archived Article: Memos
- Wednesday, August 07, 2002
Amanda Dame joined archer>malmo as an account supervisor, with day-to-day responsibility for managing the Valent U
Amanda Dame joined archer>malmo as an account supervisor. She will manage the Valent U.S.A. team and leading new business dev...
44. Archived Article: Memos
- Wednesday, August 01, 2001
The Memphis Advertising Federation announces the following appointments to its 2001-2002 board of directors: Judy McCown of B Dr. Marian Levy was named director of grants and research and Sallie Hazelrigg was named director of major gifts and planne...
45. Archived Article: Milestones
- Friday, July 16, 1999
The Memphis Advertising Federation has elected John Doyle of The Barking Dog Agency president for 1999-2000 The Memphis Advertising Federation has elected John Doyle of The Barking Dog Agency president for 1999-2000. Other officers include first vic...