Eighth District House Prices Rise, Mortgage Delinquencies Fall in Second Quarter 2013

Second quarter 2013 house prices continued to rise modestly while the number of seriously delinquent mortgages fell across the seven states that comprise the Federal Reserve's Eighth District compared with the same time last year, according to the St. Louis Fed’s latest Housing Market Conditions report.

February defaults on loans rise 60%

U. S. home foreclosure filings jumped 60 percent and bank seizures more than doubled in February over the same month the year before as rates on adjustable mortgages rose and property owners were unable to sell or refinance amid falling prices.

Housing is growing steadily in Winfield

Housing construction in Winfield has been strong in the past 10 years and is still moving at a good pace, Winfield City Manager Warren Porter said this week. Through Sept. 19, 2007, permits for 16 homes and 20 apartment units had been issued by the city this year, Porter told the Winfield Rotary Club Wednesday. A total of 40 units were constructed last year.



Couple Sent to Prison for Scheme to Steal HUD Funds Intended...

Patrick C. Harris, Acting United States Attorney for the Eastern District of Arkansas, Tracey D. Montaño, Special Agent in Charge, Internal Revenue Service (IRS) Criminal Investigation Division, and Phyllis G. Robinson, Special Agent in Charge, U.S. Department of Housing and Urban Development (HUD)—Office of Inspector General, announced today that Chief United States District Judge Brian S. Miller sentenced Rhonda Williams, 50, and her husband, Gary Williams, 59, both of Des Arc, Arkansas, to prison for their role in a scheme to steal money intended for use by the Cotton Plant Housing Authority