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Mortgages
Northwest-side medical building facing foreclosure
May 12, 2011
The operator of the building at 8424 Naab Road near St. Vincent Hospital is accused of owing an Illinois investment firm $4
million.
MoreAnother setback for The Uptown as judge appoints a receiver
May 11, 2011
Cory SchoutenA Marion County judge has appointed a receiver to take control of three properties involved in a long-delayed redevelopment
proposal for College Avenue between 49th and 50th streets.
MoreEast-side apartment complex facing foreclosure
May 5, 2011
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East
38th Street and North Franklin Road.
MoreLocal developer seeks bankruptcy protection
April 29, 2011
Scott OlsonPlatinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday,
listing several huge debts to prominent local businesses and business people.
MoreForeclosure filings fall in state, nation
April 14, 2011
IBJ Staff and Bloomberg NewsForeclosure filings in Indiana dropped 36 percent in the first quarter from the year-ago period, and 27 percent nationally.
An industry report, however, attributes the decline to paperwork delays related to a documentation scandal.
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.
MoreHousing group gets $6.3 million from Lilly Endowment
March 21, 2011
Sean MorrisonLilly Endowment Inc. is continuing its decades-long support of the Indianapolis Neighborhood Housing Partnership, awarding
the not-for-profit a $6.3 million grant to help low- and middle-income families become homeowners.
MoreNortheast-side office building falls into foreclosure
March 18, 2011
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage
Park II. It is only 55-percent occupied.
MoreAnother northwest-side apartment complex faces foreclosure
March 16, 2011
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on
a note that was due in February.
MoreNortheast-side office building target of foreclosure
March 8, 2011
Scott OlsonOwners of the nearly 40,000-square-foot office complex near East 71st Street and Binford Boulevard have defaulted on a $3
million bank note, according to court documents.
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.
MoreCOAN: Stocks will get worse before they get better
November 20, 2010
Paul CoanLooking at the final years of the Great Depression tells me that next year might not be so kind to investors.
MoreFederal Home Loan Bank suing major players
November 20, 2010
Cory SchoutenThe Federal Home Loan Bank of Indianapolis has filed suit against some of the nation’s largest financial institutions,
including Bank of America, Wells Fargo and J.P. Morgan Chase, to recover losses on a $3 billion portfolio of mortgage-backed
securities.
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.
MoreIndianapolis-area experts see bright spots amid ongoing real estate weakness
October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ
Power Breakfast.
MoreJPMorgan Chase sues to foreclose on Durham mansion
September 17, 2010
Greg AndrewsThe bank says Durham stopped making the required $18,329 monthly payments on the 30-year mortgage this spring.
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.
MoreEx-Indiana University player Leary pleads guilty in fraud
July 16, 2010
Associated PressTodd Leary of Carmel pleaded guilty in court Thursday to a felony charge of misappropriating title insurance escrow funds.
His agreement with prosecutors calls for him to face up to three years in prison, with that cut in half if he pays nearly
$295,000 in restitution.
MoreRUBENSTEIN: New law may put limits on residential seller financing
June 26, 2010
Clifford RubensteinA new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh
on seller financing of residential properties. This has huge implications for owners of rental housing.
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.
MoreHome Loan Bank CEO dashes talk of impending merger
June 19, 2010
Greg AndrewsThe recent chatter followed the bank board’s decision to award CEO Milton J. Miller II a severance agreement entitling
him to extra pay in the event of a merger.
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.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
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.