June 7, 2013
Associated PressThe settlement results from a complaint that alleged Wells Fargo's properties in white neighborhoods were much better
maintained and marketed than properties in minority areas.
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June 4, 2013
Associated PressIndiana Attorney General Greg Zoeller says checks totaling more than $26 million will be mailed to more than 18,000 Indiana
consumers this month containing shares of the National Mortgage Settlement.
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May 22, 2013
Bloomberg NewsThe fast-growing Indianapolis-based firm will use the funds to fuel originations of loans not intended for government-backed
programs, as well as to build its portfolio of servicing contracts, CEO Jim Cutillo said.
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April 17, 2013
Associated PressState officials estimate that about 10,000 Indiana homeowners will get help in making their mortgage payments under an expansion
of a federally funded foreclosure prevention program.
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February 25, 2013
Old National Bank is suing the operator of charter school that closed last summer in Indianapolis, claiming it failed to pay
off the $1.8 million balance on its mortgage.
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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.
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December 28, 2012
Scott OlsonThe owner of the building at 4225 E. 82nd St. owes $4.9 million on a $7.4 million loan, according to the suit. The tenant,
Lifestyle Family Fitness, closed the location in November 2011.
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December 21, 2012
A lawsuit from the lender claims that Women's Physician Group still owes $8.7 million on a $9 million loan it received for
a northwest-side building.
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December 13, 2012
IBJ Staff, Bloomberg News, Associated PressHome repossessions rose in 29 states and the District of Columbia in November, led by an increase of 96 percent in Indiana.
However, the number of homes starting on the path to foreclosure declined to the lowest level in six years.
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December 12, 2012
Bloomberg NewsA loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special
servicer because default is imminent, Fitch Ratings said.
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November 21, 2012
Scott OlsonThe three complexes are Dogwood Glen Apartments on the city's northwest side, Elmtree Park Apartments on the far-east side
and Heathmoore Apartments on the southeast side.
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November 5, 2012
Scott OlsonThe buildings on the northwest side of the city total nearly 200,000 square feet and are owned by an affiliate of a company
that operates 12 cemeteries and four funeral homes throughout Indiana.
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October 24, 2012
Associated PressThe top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against
Fannie Mae and Freddie Mac during the years around the financial crisis.
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October 15, 2012
Cory SchoutenA lender has filed to foreclose on the Uptown Business Center, a neighborhood retail building at the southwest corner of 49th
Street and College Avenue that a local developer had hoped to use as a springboard to revitalize the intersection.
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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.
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September 28, 2012
Scott OlsonThe Indianapolis developer will continue to own its corporate headquarters at 117 E. Washington St. after reaching a settlement
with two banks that had filed a lawsuit to foreclose on the building.
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September 25, 2012
Associated PressMore than 37,000 Indiana borrowers who lost homes to foreclosure soon will receive claim forms for payments under the national
mortgage settlement.
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September 5, 2012
The Indianapolis-based mortgage company has entered the Florida market with its purchase of NattyMac LLC in St. Petersburg.
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August 27, 2012
A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the
owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.
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August 9, 2012
Scott OlsonIndianapolis-based developer Centre Properties is the target of another foreclosure suit, this one involving Pyramid Place
Shoppes, a retail center in a busy shopping area on the city's northwest side.
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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.
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July 12, 2012
Associated PressMore than 1 million properties experienced foreclosure filings in the first half of 2012. Twenty states saw a first-half rise
in foreclosure activity from the same time a year ago. Indiana had the biggest rise on a percentage basis, with a 32-percent
increase in foreclosure activity.
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June 16, 2012
Marc D. AllanThis year's list of fastest-growing private companies in the Indianapolis area is a diverse lot, operating in industries ranging
from human resources to office furnishings to construction to home health care and games.
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June 4, 2012
The owners of Arbor Green Apartments on the city's northeast side owe nearly $15.9 million on a 2008 loan, according to court
documents.
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May 30, 2012
Lantern Partners LLC owns the Freedom Mortgage Building once occupied by the failed Irwin Mortgage Corp. Lantern's largest
creditor is owed nearly $11.4 million.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!