Broadwater Hotel to become a $1.2B casino resort
Universal Music Group announced that Biloxi will be one of the first three locations that will launch its new UMUSIC Hotels. According to a Friday…
Category: News
No Subrogation of Deed of Trust When Junior Creditor Had Actual Knowledge of Existing Deed of Trust
White v. Whitehead, 2020 WL 4436727 (Miss. Ct. App., June 30, 2020)(en banc). In 1994, Whitehead executed a deed of trust to Citizens Bank of…
ALTA Launches Wire Transfer Fraud Education Campaign
ALTA launches a campaign aimed to raise awareness about the importance of cybersecurity. Specific to the title and settlement industry, the goal is to help…
Mississippi’s residential sales are booming
According to various Mississippi Realtors, residential sales are strong across the state. All of the traditional hot spots – DeSoto County, the Greater Jackson Metro…
Dragnet Clauses, Credithrift, and Stewart
Trying to reconcile and apply Mississippi cases regarding future advance and dragnet clauses is a challenge. A 2017 bankruptcy court decision helps to correct one…
Member Highlight – Agent: Courtney Robbins
Courtney Robbins began her career as an officer in the trust department at a prominent bank in Jackson. She then worked as a prospect research…
The Mississippi Broadband Enabling Act
During the 2019 Regular Session, the Mississippi Legislature passed “The Mississippi Broadband Enabling Act” (Miss. Code Ann. § 77-17-1 et seq.), which permits electric cooperatives…
CARES Act Mortgage Forbearance: What You Need to Know
At the time of writing this article, 4.1 million homeowners had requested a forbearance plan from their mortgage loan servicer. Under the Coronavirus Aid, Relief,…
They say love is a journey …
Adoption is an amazing thing. It can be exciting, stressful, overwhelming, and humbling. One of our very own – the Joe Powell and his family…
ICE Prepares to Unleash a “Fully Digital Mortgage Ecosystem”
The Intercontinental Exchange (known as “ICE”) announced on Friday that it has received regulatory approval and fully completed its $11 billion acquisition of Ellie Mae.…
Mississippi Passes “Back-to-Business Liability Assurance and Health Care Emergency Response Liability Protection Act” In Response To COVID-19
On July 8, 2020, Governor Reeves signed the “Mississippi Back-to-Business Liability Assurance and Health Care Emergency Response Liability Protection Act” (Senate Bill No. 3049), which…
Request for Comment: 2021 ALTA Policy and Commitment Forms
ALTA is preparing to release its 2021 ALTA Commitment, Loan Policy, and Owner’s Policy. The new forms are intended to become effective as of July…
Failure to Get Financing Was Not Grounds For Refund of Earnest Money
Franklin Land Associates, LLC v. Sethi, 281 So.3d 119 (Miss. Ct. App. 2019). In 2010, buyer and seller entered into a real estate purchase agreement…
Fannie, Freddie to Delay Mortgage Refinance Surcharge Until Dec. 1
The Wall Street Journal is reporting that mortgage finance giants Fannie Mae and Freddie Mac will delay a contentious 0.5% surcharge on most refinanced home…
FHFA Reconsidering Refinance Surcharge
According to several reports, Fannie Mae and Freddie Mac are considering delaying the implementation of the purposed adverse market finance fee of 50 basis points.…
Post-judgment Proceedings Did Not Reset Statute of Limitations on Foreign Judgement
White v. Taylor, 281 So.3d 1188 (Miss. Ct. App. 2019). In January 2002, a Florida court entered a final judgment dissolving the marriage of White…
Fannie Mae/Freddie Mac Add .50% Fee To Refis
Fannie Mae and Freddie Mac will impose an “adverse market fee” of 0.5% on most refinanced mortgage loans starting Sept. 1 due to economic uncertainty.…
New Statute: Revocation upon Divorce
Revocation-upon-divorce was originally an English common-law principle that grew out of the doctrine of revocation by implication. States began codifying and expanding the doctrine in…
Mississippi Uniform Disclaimer of Property Interests Act (2002/2010)
The Mississippi Uniform Disclaimer of Property Interests Act (2002/2010) (the “Mississippi Disclaimer Act”), which replaces the Uniform Disclaimer of Property Interests Act (the “Old Disclaimer…
Claims for Construction Defects Not Conveyed in Foreclosure Sale
Henderson v. Copper Ridge Homes, LLC, 273 So.3d 750 (Miss. 2019). The Hendersons and Copper Ridge entered into a home construction contract. The Hendersons also…