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Mortgage Lenders
Stonegate Mortgage raising new round of funding
March 2, 2013
Norm HeikensFast-growing Indianapolis company is pushing to fill a vacuum in the housing market.
MoreU.S. banks to pay $8.5B in mortgage settlement
January 8, 2013
Associated PressHundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say
U.S. banks may be getting the best of the deal.
MoreReceiver appointed to manage troubled Century Building
October 1, 2012
Scott OlsonA Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is
facing foreclosure. A lender to the building's owner claims it is owed $10.5 million.
MoreStonegate Mortgage acquires Florida firm
September 5, 2012
The Indianapolis-based mortgage company has entered the Florida market with its purchase of NattyMac LLC in St. Petersburg.
MoreNational, state foreclosure starts on the rise
August 9, 2012
Bloomberg News, Associated PressThe number of homes that received an initial notice of default — the first step in the foreclosure process — increased
6 percent in July compared to the same month last year. Foreclosure starts rose 83 percent in Indiana.
MoreLocal real estate developer files for bankruptcy
May 1, 2012
Scott OlsonCornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million
in personal debt he attributed to the prolonged slump in the real estate market.
MoreLocal mortgage firm lands $25M in private equity
March 12, 2012
IBJ Staff and Bloomberg NewsIndianapolis-based Stonegate Mortgage Corp. has received funding from Long Ridge Equity Partners, a private-equity firm, to
help it expand in mortgage origination and servicing, the company said Monday.
MoreRecord-low rates aren't creating rush at local mortgage firms
March 12, 2012
Scott OlsonLocal mortgage industry executives say record-low interest rates aren't leading to a big boom in business because broader
economic issues are keeping large parts of the population from seeking or qualifying for loans.
MoreStonegate Mortgage plans to add 45 workers in '11
November 19, 2011
IBJ StaffThe Indianapolis-based firm has pledged to add a total of 300 workers by 2015.
MoreMortgage firm plans local expansion, 140 jobs
August 30, 2011
IBJ StaffRoyal United Mortgage LLC, an Indianapolis-based mortgage firm, announced plans Tuesday to expand its local operations, adding
up to 140 employees by 2013.
MoreStonegate Mortgage to relocate growing firm to Indianapolis
June 17, 2011
IBJ StaffStonegate Mortgage Corp. will move its growing operation to Indianapolis in the next few months after a deal to expand in
Fishers fell through.
MoreLendingTree.com office with 64 employees closing in Carmel
June 6, 2011
Tree.com Inc., the Charlotte, N.C., parent of LendingTree.com, said its Carmel office will shut down by Aug. 16, costing 64
employees their jobs.
MoreSuit accuses Bank of America of fraud, racketeering
March 31, 2011
Scott OlsonThe complaint, filed in Marion Superior Court, follows a similar suit that was dismissed in federal court. Bank of America
and its Countrywide unit are accused of using perjured affidavits to foreclose on homes.
MoreKey House Republican praises Obama housing plan
March 1, 2011
Associated PressThe Obama administration's plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the
government's role in the mortgage market drew praise from House Republicans on Tuesday.
MoreUPDATE: Competitors' woes could help Fishers mortgage firm expand
December 14, 2010
Francesca JaroszFishers-based Stonegate Mortgage Corp. plans to spend about $3 million to expand operations, creating up to 300 jobs by 2015.
MoreFishers-based mortgage company to add 300 jobs
December 14, 2010
Francesca JaroszStonegate Mortgage Corp. plans to move next spring from its current location near 106th Street and Allisonville Road to a
29,000-square-foot office near 106th Street and State Road 37.
MoreHome Loan Bank sues over losses on $3B mortgage portfolio
November 18, 2010
Cory SchoutenThe Federal Home Loan Bank of Indianapolis is suing some of the nation’s largest financial institutions to recover losses
on a $3 billion portfolio of mortgage-backed securities.
MoreBank of America seeks to dismiss racketeering suit
November 11, 2010
Homeowners Dwayne Ransom Davis and Melisa Davis sued last month in Indianapolis, claiming Bank of America “routinely”
submitted perjured affidavits to support foreclosures. They lost their Knightstown home last year.
MoreU.S. homes lost to foreclosure up 25 percent this year
September 16, 2010
Associated PressAugust makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. Banks have
been stepping up repossessions to clear out their backlog of bad loans.
MoreStudy of local mortgage defaults shows benefit of counseling
June 22, 2010
Peter SchnitzlerA study by the Federal Reserve Bank of Chicago finds a strong correlation between pre-mortgage credit counseling and loan
performance after
comparing Indianapolis Neighborhood Housing Partnership clients with other low-income Marion County borrowers.
MoreDeadline approaching for mortgage lenders to pass exam
June 11, 2010
Lenders must pass the test by July 1, or their licenses will be revoked. So far, just 58 percent of more than 1,000 in the
state
have passed.
MoreKULT: Mortgage loan officers punch the clock under new rule
May 22, 2010
Gregory P. KultThe government now views loan officers more like factory workers than white-collar business managers.
MoreNew Indiana law aims to promote safety of traditional loans
May 22, 2010
Scott OlsonA new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's
housing market rebound from a foreclosure crisis instigated by risky loans.
MoreA new real estate crisis could wreck recovery
April 24, 2010
Greg AndrewsBorrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due
by the end of 2014.
MoreIndiana Legislature approves mortgage certification program
March 20, 2010
IBJ StaffRating system will help homebuyers avoid the risks of borrowing.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.