VOL. 123 | NO. 149 | Thursday, July 31, 2008
New month, same story for Shelby County’s commercial real estate market.
Former Assistant U.S. Attorney Camille McMullen has been named the newest addition to the Tennessee Court of Criminal Appeals, Western Section. McMullen, who was appointed to the judgeship in June by Gov. Phil Bredesen, is filling the vacancy created by Judge David G. Hayes’ retirement.
The budget of Memphis Area Legal Services has swelled to almost $650,000 this year as a result of grants and other special funding awarded to the group. And MALS, in turn, is using that windfall to expand its free counseling and legal aid to homeowners in danger of losing their homes to foreclosure.
A new illustrated history of Shelby County offers perspective on the county’s history and a few thoughts about its future.
WASHINGTON (AP) – President Bush on Wednesday signed a massive housing bill intended to provide mortgage relief for 400,000 struggling homeowners and stabilize financial markets.
WASHINGTON (AP) – Federal Reserve officials said Wednesday it is extending its emergency borrowing program to Wall Street firms and is taking other steps to ease a severe credit crunch that has hobbled the national economy.
David L. Mendelson is a member of The Mendelson Law Firm, an East Memphis practice consisting of six attorneys. Mendelson’s practice areas are bankruptcy, creditor’s rights, insolvency, commercial and retail collections, transportation and subrogation.
CHICAGO (AP) - Help is on the way for some debt-plagued homeowners. It just may not be fast enough or broad enough to keep many from losing their residences.
NEW YORK (AP) - The dollar rose against major currencies Tuesday as new data showed U.S. consumer confidence coming in slightly higher than expected and German inflation remaining static in July.
NEW YORK (AP) - More than 800,000 vacant homes for sale stand between the housing recession and the bottom. And that glut is driving down home prices, slowing sales and turning consumer psychology against the market.
WASHINGTON (AP) - The Bush administration expressed confidence Wednesday that the United States would be able to maintain its top-notch credit rating even as the government scrambles to find new ways of expanding debt sales to cope with soaring budget deficits.
Guess who holds your mortgage now? It's your friendly neighborhood hedge fund.
Provisions of the housing bill that President Bush signed into law Wednesday: