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Commissioner Gonzales Announces Non-Depository Financial Institution Annual Supervision Fee For Fiscal Year 2016-2017

Pursuant to Tenn. Code Ann. § 45-1-118(i), Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today the annual supervision fee for non-depository financial institutions in fiscal year 2016-2017, effective October 14, 2016. The fee is $1,025.00 for mortgage licensees and flexible credit licensees, and $625.00 for all other licensees and registrants, except mortgage loan originators, w

September Market Report

MEMPHIS, Tenn., Oct. 7, 2016 – Memphis-area home sales for September increased 11.4 percent from a year ago, with 1,616 total sales recorded in...

Rutledge Statement Following Oral Arguments Challenging EPA’s Power Plan

Arkansas Attorney General Leslie Rutledge released a statement today after the conclusion of oral arguments in West Virginia v. EPA, the court challenge to the Environmental Protection Agency’s Clean Power Plan

Perrey Elected NCSHA Vice President

Executive directors from all 50 state housing agencies have cast their votes, and Tennessee’s Ralph M. Perrey has been elected vice president of their national organization. The National Council of State Housing Agencies (NCSHA) is hosting its annual conference in Miami this week. Elections for the organization’s five-member executive committee were held Sunday, Sept. 25. Perrey, who leads the Tennessee Housing Development Agency (THDA), previously served two terms as secretary/treasurer of the organization

Profit Dixon Delivers First Units at Peyton Stakes; Apartment community is first in Nashville...

Proffitt Dixon Partners, a Charlotte-based multifamily investment and development firm, said today Peyton Stakes is nearing completion in Nashville and their first residents began moving in last week. The apartment community is comprised of 249 units between two connected buildings.

Real Estate Investor Charged in 14-Count Indictment Alleging Bank and Mail Fraud, Money Laundering

A real estate investor has been charged in a 14-count indictment that alleges he defrauded three banks and a mortgage lending business. Edward L. Stanton III, U.S. Attorney for the Western District of Tennessee, announced the indictment today

MAAR Members Elect Board of Directors for 2017-2018

At the Memphis Area Association of REALTORS® Annual Meeting and Election September 8, MAAR members elected six individuals to the 2017-2018 Board of Directors.

IMPROVED OVERSIGHT OF FEDERALLY SUBSIDIZED HOUSING PROPERTIES NEEDED

During a hearing today on oversight of the U.S. Department of Housing and Urban Development (HUD) inspection process, U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development, expressed the need for improved oversight of federally subsidized housing properties and thanked Senators Marco Rubio (R-Fla.) and Bill Nelson (D-Fla.) for highlighting the problem of neglectful landlords at HUD-subsidized facilities, including some owned by the Cordova, Tennessee-based Global Ministries Foundation (GMF).

JLL Selected by Schneider Electric to Design and Manage interior office project in Franklin,...

JLL has been hired by Schneider Electric, the global specialist in energy management and automation, to provide project management services for its new office space located at Two Franklin Park, 6700 Tower Circle, just outside Nashville

THDA Launches Interactive Map of Affordable Rental Housing

Tennessee Housing Development Agency has launched a new interactive map with details on every active or under-construction apartment community in the state built or rehabbed with the assistance of federal tax credits.

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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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Corps Allocates $37 Million for Chickamauga Lock, Construction Continues for Third...

U.S. Sen. Lamar Alexander (R-Tenn.) says the Army Corps of Engineers Work Plan for Fiscal Year 2017 includes good news for all of East Tennessee – and everyone who benefits from river traffic passing through the Chickamauga Lock in Chattanoog