Thursday, May 13, 2010
The Vicksburg Post
Business
Foreclosures down 2 percent from last year
Fr o m s t a f f a n d A P r e p o r t s
Number of borrowers losing their homes still on the rise
LOCAL STOCKS The following quotes on local companies are provided as a service by Smith Barney Citi Group, 112-B Monument Place, 601-636-6914. Archer-Daniels (ADM)...27.50 American Fin. (AFG).......28.70 Ameristar (ASCA).............19.63 Auto Zone (AZO).......... 185.22 Bally Technologies (BYI).46.43 BancorpSouth (BXS).......21.52 Britton Koontz (BKBK)...12.57 Cracker Barrel (CBRL).....51.10 Champion Ent. (CHB)..........20 Com. Health Svcs. (CYH).40.89 Computer Sci. Corp. (CSC).51.83 Cooper Industries (CBE).50.55 CBL and Associates (CBL)..16.06 CSX Corp. (CSX)................56.74 East Group Prprties(EGP). 40.85 El Paso Corp. (EP)............12.18 Entergy Corp. (ETR)........78.97 Fastenal (FAST).................55.45
Family Dollar (FDO)........40.65 Fred’s (FRED)......................14.02 Int’l Paper (IP)...................24.93 Janus Capital Group (JNS).13.18 J.C. Penney (JCP).............29.63 Kroger Stores (KR)...........22.12 Kan. City So. (KSU)..........40.68 Legg Mason (LM).......... 34.18 Parkway Properties (PKY).18.41 PepsiAmerica Inc. (PAS).29.98 Regions Financial (RF).... 8.81 Rowan (RDC).....................27.08 Saks Inc. (SKS)..................... 9.82 Sears Holdings (SHLD).115.30 Simpson-DuraVent (SSD).33.76 Sunoco (SUN)....................31.51 Trustmark (TRMK)...........24.52 Tyco Intn’l (TYC)...............39.99 Tyson Foods (TSN)..........18.13 Viacom (VIA)......................38.33 Walgreens (WAG)............36.57 Wal-Mart (WMT)..............52.48
ACTIVE STOCKS
Sales High Low Last Chg
AKSteel .20 AMR AT&TInc 1.68
32115 16.77 16.22 16.55+.36 24621 7.60 7.37 7.55+.21 21402 25.95 25.62 25.77—.05
AMD AlcatelLuc Alcoa .12 AmbacFh
46636 14288 92961 22197
AIntlGprs Anadarko .36
16760 42.64 41.50 41.60+.20 11288 57.33 55.95 57.20+.24
9.75 9.33 9.70+.21 2.73 2.68 2.71—.05 13.04 12.59 12.92+.46 1.42 1.37 1.40+.04
ArcelorMit .75 10391 35.44 34.87 35.34—.37 BPPLC 3.36e 23254 48.48 48.01 48.18—.32 BcoSantand .82e 18013 11.45 11.27 11.36—.38 BkofAm .04 BarVixShT
180402 17.18 17.00 17.07+.00 28049 24.62 23.96 24.05—.03
BarrickG .40 Blockbsth BostonSci
16799 45.74 44.84 44.98—.68 17849 .47 .44 .46+.03 18820 6.95 6.85 6.90+.09
Caterpillar 1.68 ChesEng .30
10671 68.40 67.37 67.50—.65 15732 23.47 23.17 23.33—.20
Chevron 2.88f Citigrp CliffsNRs .56f
10494 80.06 79.04 79.19—.87 1195726 4.16 4.09 4.11—.07 17100 58.64 56.84 57.48+.14
ConocPhil 2.20f Corning .20
10610 57.57 57.00 57.22—.46 18090 18.75 18.43 18.70+.17
DeanFds DeltaAir DevonE .64
12246 10.11 9.94 10.08+.14 18631 13.89 13.50 13.88+.33 12277 68.50 67.43 68.10—1.48
DirFBearrs
75468 12.37 12.14 12.25+.11
DrxFBulls .15e DirxSCBear DirxSCBull 4.85e DirxLCBear
48890 76298 14578 11945
Disney .35
13679 35.34 34.91 35.23+.10
DowChm .60 DuPFabros .32 DukeEngy .96 EMCCp
20637 12043 11291 26509
EKodak
14878 6.39
6.22 6.34+.05
ElPasoCp .04 EldorGldg Expressn ExxonMbl 1.76f
13569 12020 37954 27663
12.21 17.95 17.34 64.90
11.95 11.99—.20 17.66 17.77—.15 16.85 17.21 64.32 64.50—.41
FannieMae
28722 1.07
1.03 1.06+.03
FidNatInfo .20 FordM FMCG 1.20f Gafisas .14e
15658 30.27 135101 12.87 21885 73.41 17712 13.20
29.76 12.72 71.96 12.90
GenElec .40 Goldcrpg .18
71318 18.43 18.21 18.26—.18 11082 46.39 45.58 45.70—.52
GoldmanS 1.40 Hallibrtn .36 HeclaM
22241 148.45 146.17 146.52—.68 35264 29.87 29.10 29.52+.43 14310 6.35 6.24 6.30—.03
HewlettP .32 HomeDp .95f
17557 49.93 49.13 49.89+.33 20290 35.95 35.71 35.91+.02
HostHotls .04 HovnanE Huntsmn .40
10492 16.46 16.19 16.31+.05 10163 7.55 7.32 7.38—.08 11318 10.67 10.30 10.45+.09
iShBraz 2.72e iShHK .38e
36120 68.57 67.71 68.20—.02 10019 15.29 15.18 15.21—.04
iShJapn .14e iSMalas .24e iSTaiwn .21e
35995 10.06 10.01 10.03—.05 9673 12.16 12.08 12.10+.02 14857 12.26 12.18 12.23+.07
iShUK .42e iShSilver
11194 15.01 14.91 14.98—.09 20413 19.25 19.13 19.22+.10
32.06 31.46 31.77—.29 5.78 5.64 5.68+.04 61.84 60.36 61.48—.44 13.47 13.23 13.29+.06 29.38 24.77 17.02 19.13
28.78 29.33+.50 23.75 24.27+1.02 16.86 16.89—.09 18.91 19.12+.04
29.96+.26 12.77+.09 73.12+.12 13.08—.63
iShChina25 .55e 38829 39.94 39.65 39.83+.01 iShEMkts .58e 98484 40.75 40.41 40.69—.01 iShB20T 3.70e 13302 93.55 93.16 93.35+.70 iSEafe 1.44e iShR2K .75e
42175 51.93 51.52 51.80—.33 100644 71.60 71.03 71.46—.16
iShREst 1.86e IBM 2.60f JPMorgCh .20
13702 53.95 53.48 53.61—.19 21326 132.86 130.85 132.34—.34 49921 41.56 41.25 41.48—.21
JohnJn 2.16f JnprNtwk
10590 65.00 64.51 64.76—.14 12019 28.80 28.23 28.24—.68
Keycorp .04
16982 8.83
Kohls Kraft 1.16 Kroger .38
25419 56.64 55.21 55.69—1.46 11902 30.44 30.20 30.27—.13 19917 22.80 22.14 22.78+.66
LSICorp LVSands Lowes .36 MGMMir
10315 71416 16848 37539
Macys .20 MktVGold .11p
11946 24.57 24.14 24.17—.53 20848 53.53 52.89 53.06—.37
MasseyEn .24 Merck 1.52 MetroPCS
11247 38.59 36.90 38.49+1.18 13180 33.75 33.42 33.55—.09 9499 8.79 8.61 8.78+.03
MorgStan .20 Motorola
28273 28.33 27.76 28.17+.37 47233 6.96 6.85 6.87—.11
NewmtM .40 NokiaCp .56e OilSvHT 1.74e
14070 58.71 58.11 58.21—.50 20519 10.97 10.82 10.90—.12 11794 115.99 114.25 115.25—.13
PMIGrp
12868 5.12
Petrobras 1.34e Pfizer .72
18211 38.49 37.99 38.26+.08 62399 16.93 16.75 16.85—.05
PrUShS&P ProUltQQQ
70829 30.57 30.21 30.32+.16 14324 66.30 65.20 66.12+.12
PrUShQQQ ProUltSP .41e ProUShL20
31666 16.26 16.00 16.05—.04 31802 41.96 41.45 41.82—.19 12614 43.43 43.05 43.27—.64
ProUShtFn ProUSR2K
19082 18.43 18.19 18.30+.12 14187 18.06 17.78 17.86+.08
ProUSSP500 ProctGam 1.93f PulteGrp
9709 29.19 28.67 28.82+.18 13134 63.42 62.91 63.26+.24 9974 12.13 11.75 11.83—.36
QwestCm .32 RAITFin
18130 5.35 23628 3.40
RRIEngy RadianGrp .01 RamcoG .65
16865 4.36 4.24 4.36+.06 14130 10.84 10.39 10.64+.22 12061 11.75 11.60 11.74—.75
RegionsFn .04 RoadrnTrn
21745 8.88 8.72 8.86+.05 10631 14.07 13.60 13.98
5.99 5.86 5.92—.04 24.58 23.77 24.40+.38 27.11 26.80 26.90—.16 14.95 14.55 14.80+.10
Last month, there were 369 foreclosure-related notices in Mississippi — down 29 percent from March and up 10 percent April 2009. Those notices range from an initial notice of default to outright repossession. in Louisiana — up 28 percent from March and 64 percent from April 2009. Those notices range from an initial notice of default to outright repossession. But the data aren’t all sunny. While the number of new delinquencies is dropping, the number of borrowers losing their homes is still rising. Banks seized a record 92,000 homes last month. And there are millions more potential foreclosures ahead. Nearly 7.4 million borrowers, or 12 percent of all households with a mortgage, had missed at least one month of payments or were in foreclosure as of March, said Lender Processing Services Inc., a mortgage data research firm. In Louisiana, 404 homes were repossessed, while 1,127 other homeowners received notice of a foreclosure sale. Louisiana ranked 36th among
SpdrDJIA 2.47e 19395 109.21 108.54 108.99—.27 SpdrGold 25948 121.44 120.89 121.07—.33 S&P500ETF 2.21e 302053 117.38 116.67 117.17—.28 SpdrRetl .50e SpdrOGEx .25e
25807 43.02 42.75 42.95—.12 10545 43.58 43.08 43.41—.23
Schlmbrg .84 SemiHTr .55e ServiceCp .16
11427 67.27 65.98 66.94+.29 35220 29.00 28.54 28.85—.19 20834 9.01 8.87 8.90—.03
SilvWhtng
18786 20.89 20.23 20.42—.53
SprintNex 141041 4.35 4.26 4.29+.14 SPMatls .52e 19500 32.92 32.59 32.81—.06 SPConsum .41e 9549 34.33 34.14 34.22—.12 SPEngy 1e 49817 57.70 57.11 57.46—.29 SPDRFncl .20e SPInds .59e SPTech .31e Sybase Synovus .04
130003 16.03 16207 32.34 10753 23.19 240550 64.50 36698 3.32
15.91 15.97—.09 32.11 32.23—.13 22.98 23.15—.04 64.36 64.41+8.27 3.22 3.32+.08
TaiwSemi .46e Teradata TexInst .48 Transocn USAirwy
14243 10902 18159 12597 20980
10.28 33.95 26.07 68.68 7.57
10.18 10.22—.01 32.41 33.33+1.81 25.73 25.93—.17 67.20 68.10—.04 7.31 7.46+.16
USNGsFd USOilFd USSteel .20 ValeSA .52e ValeSApf .52e
25081 29697 51968 34823 12109
7.44 36.33 57.36 28.92 24.89
7.34 7.36—.08 36.08 36.23—.54 55.93 56.65+1.62 28.51 28.73—.23 24.61 24.72—.23
ValeroE .20 VangEmg .55e
12194 20.72 20.46 20.62+.06 12317 40.79 40.47 40.72—.05
VerizonCm 1.90 Visa .50 WalMart 1.21f
17843 28.74 28.54 28.63—.07 14878 86.64 84.52 86.57+.89 17310 52.97 52.36 52.74+.26
WeathfIntl WellsFargo .20
28506 16.43 15.79 16.31+.35 37276 33.71 33.32 33.48—.18
WendyArby .06 Xerox .17 Yamanag .06f
20092 5.04 4.86 4.93—.16 9961 10.35 10.13 10.29+.10 19372 11.51 11.34 11.41—.09
— Reader, via e-mail A: This is something that you can easily handle yourself, but if you are worried, spend a few dollars and have an attorney make sure that all the “I’s” are dotted and the “T’s” crossed. The few dollars invested will ensure that it will be done in a professional fashion with no glitches. Congratulations! •
Bruce Williams writes for Newspaper Enterprise Association. E-mail him at bruce@brucewilliams.com.
the states in the number of foreclosure-related actions last month. RealtyTrac, a foreclosure listing firm in Irvine, Calif., reported that nearly 334,000 households, or one in every 387 homes, received a foreclosure-related notice in April. That was down more than 9 percent from March. Economic woes, such as unemployment or reduced income, are the main catalysts for foreclosures this year. Initially, lax lending standards were the culprit, but homeowners with good credit who took out conventional, fixedrate loans are the fastest growing group of foreclosures. As the economy turns around, “you will see an improvement in housing markets and in foreclosure activity,” said Rick Sharga, a RealtyTrac senior vice president. “The problem is that there’s
such a backlog right now.” Lenders are offering a variety of programs to help homeowners modify their loans, but their success rates vary. Hundreds of thousands of homeowners can’t qualify or fall back into default. The Obama administration is managing a $75 billion program that so far has helped about 231,000 homeowners with permanent reductions to their monthly mortgage bills. That’s about 20 percent of the 1.2 million borrowers who started the program over the past year. Foreclosed homes are typically sold at steep discounts, lowering the value of surrounding properties. Cities lose property tax dollars from homes that sit empty and lower property values. Among states, Nevada posted the highest foreclosure rate in April, with one in every 69 households receiving a foreclosure notice. Foreclosures there were up 10 percent from March, but unchanged from a year earlier. Next on the list were Arizona, Florida, California and Michigan.
Rand McNally Atlas features Missisippi road trip JACKSON (AP) — Summer travelers looking for road trip ideas are being pointed toward Mississippi in the latest edition of the Rand McNally Road Atlas. The 2011 edition of the map,
which launched this week, includes a trip from Natchez to Tunica, called “Following Old Man River,” in its Best of the Roads section. Each year, five trips are selected by the map and travel
product company. According to Rand McNally, editors consider locations that are lesser-known, unique, capture the region’s essence and appeal to a broad range of people. The trips average 150
to 200 miles. The other four picks for this year included drives in Alaska and New Hampshire, one around the Lake Erie area and another from Nevada to California.
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WILLIAMS
WASHINGTON (AP) — Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding. The number of households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, RealtyTrac said today. Foreclosure actions against Mississippi homeowners fell 29 percent from March to April. Last month, there were 369 foreclosure-related notices in Mississippi — down 29 percent from March and up 10 percent April 2009. Those notices range from an initial notice of default to outright repossession. In Mississippi, 172 homes were repossessed last month. Mississippi ranked 46th among the states in the number of foreclosure-related actions last month. In Louisiana, foreclosure actions against homeowners jumped sharply in April, with many either losing their residence or facing an auction. Last month, there were 1,849 foreclosure-related notices
4.93 5.06+.04
8.63 8.82+.09
Q: Next month I will make my last house payment. To say that I’m excited is an understatement. What do I need to do to make sure that everything is BRUCE free and clear?
A7