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Mortgages
Hundreds losing jobs at local Aurora Bank office
April 25, 2012
Scott OlsonThe bank said it will terminate all 450 employees at its office on the northeast side of Indianapolis as the troubled residential
mortgage servicing provider prepares to sell a large portion of its assets.
MoreForeclosures down nationally, up in Indiana
April 12, 2012
Associated PressActual foreclosures sank to a five-year low in March, but the number of homes entering the foreclosure process is on the rise
again.
MoreForeclosures surge in most states, including Indiana
March 15, 2012
Associated PressIndiana saw default notices climb 37 percent in February compared to February 2011. Scheduled home auctions were up 92 percent
from the previous year.
MoreZionsville real estate schemer sentenced to 30 months
March 14, 2012
Kathleen McLaughlinA Zionsville man who pushed real-estate investing schemes has been sentenced to 30 months in prison after pleading guilty
to wire fraud and money laundering.
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.
MoreLISC sues to foreclose on Emrich's Furniture building
March 10, 2012
Kathleen McLaughlinLISC, a not-for-profit lender, says it has not received any payments on its $515,265 construction loan since Jan. 1, 2011,
and is owed more than $228,000.
MoreForeclosure activity edges higher in January
February 16, 2012
Associated PressBanks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating
after slowing sharply last year. Foreclosures were up 69 percent in Indiana compared to January 2011.
MoreForeclosure sought for downtown's Century Building
February 15, 2012
Scott OlsonThe lender claims owner Blue Real Estate defaulted on an $8.5 million loan on the historic building after failing to make
payments beginning in July 2011.
More13K Indiana foreclosure victims to get $2K checks
February 9, 2012
Associated PressIndiana homeowners will receive about $43 million in refinanced loans while other borrowers will get $30 million worth of
loan-term modifications and other relief as part of a $25 billion nationwide settlement with the country's biggest mortgage
lenders.
MoreFew in Indiana using state fund to avoid foreclosure
January 30, 2012
Associated PressA state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers
even though the state's foreclosure rate is among the highest in the nation.
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.
MoreSuburban-hotel mayhem whipsaws entrepreneur
November 19, 2011
Greg AndrewsTwo of Sanjay Patel's hotels landed in bankruptcy in November. Four others filed for Chapter 11 protection last year.
MoreDefault notices, home seizures climb in Indiana, nation
November 10, 2011
IBJ Staff and Bloomberg NewsIndiana outpaced the rest of the nation last month in the number of default notices sent to delinquent homeowners and the
amount of homes seized as U.S. foreclosure filings rose to a seven-month high.
MoreWest-side Godby building in foreclosure
November 7, 2011
Scott OlsonA building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit
filed by Old National Bank. The building's tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
MoreFirst Internet Bancorp reports lower quarterly profit
November 2, 2011
The company earned $765,000 for the period ended Sept. 30, compared with $1 million in the year-ago period. First Internet
attributed the decline to the timing of gains from closed but not-yet-sold mortgages to the secondary market.
MoreProgram lets Hoosier volunteers get mortgage help
September 23, 2011
Kathleen McLaughlinIndiana has $221 million to give to unemployed people who are struggling to cover their mortgage payments. Recipients have
to take part in job-training, go back to school, or agree to volunteer through HoosierCorps.
MoreMortgage-default filings surge in Indiana, nation
September 15, 2011
Bloomberg NewsDefault notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders
are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.
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.
MoreReceiver appointed in $16.8M foreclosure suit
August 29, 2011
Scott OlsonLender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers,
owned by Greenwood developer Presnell Cos.
MoreGreenwood developer target of foreclosure suit
August 24, 2011
Two Indianapolis-area retail centers are listed in a $16.8 million lawsuit that includes a total of six properties owned by
the Presnell Companies of Greenwood.
MoreHICKS: Investors downgrade Standard & Poor's political ploy
August 13, 2011
Mike HicksThere are many reasons to believe the second half of the year will bring a faster-growing economy.
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.
MoreEffort to save minority car dealer lands Bill Mays in ditch
June 11, 2011
Greg AndrewsPNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million
loan he received in 2008 that has an unpaid balance of $2 million.
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.
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?