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Brent Little has joined Buckingham Cos. as vice president of higher education. He will focus on developing
multi-family and student housing at colleges and universities nationwide. 

Housing

On a seasonally adjusted basis, the pace of mortgage loan activity fell 10.9 percent for the week ended Jan. 22, according
to the Mortgage Bankers Association. Rates for 30-year loans increased to 5.02 percent from 5 percent the previous week. Fifteen-year
mortgages increased to 4.34 percent from 4.33 percent.

Correction

Alpha Sigma Tau recently purchased a 10,790-square-foot building at 3334 Founders Road. The name of the sorority was incorrect in the Jan. 26 Real Estate Weekly.

Obama unveils 2011 budget with $3.8 trillion in spending

The president’s budget offers tax cuts for businesses, including a $5,000 tax credit for hiring new workers this year, help
for the unemployed and $25 billion more for cash-strapped state governments. Job creation will take precedence over stemming
a surging deficit.

You-review-it Monday

Did you catch Groovaloo at Clowes? Hear director Peter Bogdanovich at the IMA?

Toyota: Parts on way to fix faulty gas pedals

Toyota Motor Corp. is telling dealers that they should get parts to fix sticky gas pedals later this week. But the 4.2 million
customers affected by a large recall may have to wait a while for repairs.

Lawmakers approaching session’s half-way point

Members of the Indiana General Assembly face a key mid-session deadline this week. Wednesday is the deadline for bills to
pass their house of origin and be sent to the opposite chamber.

Report: Indiana counties could save cash with vote centers

The Indiana Fiscal Policy Institute says that all 92 state counties could reap big cost savings — more than $300,000 in Marion
County alone — if they used vote centers on Election Day instead of traditional precinct locations.

IPL retirees lose appeal over retirement benefits

Indiana Court of Appeals upholds utility commission ruling favorable to IPL. Although court does "not condone" IPL’s action in the retirement benefits case, it gives deference to the commission.

Ballard wagers with New Orleans mayor

Mayor Greg Ballard is making the traditional Super Bowl bet with Mayor Ray Nagin, his counterpart in New Orleans. If the Indianapolis
Colts win, Ballard will receive some New Orleans jazz CDs and Mardi Gras beads. Nagin also will send “king cake,” a Mardi
Gras treat, along with beignets and coffee. If the New Orleans Saints win, Ballard will send shrimp cocktail from St. Elmo
Steak House, plus 10 dozen cookies from IndyAnna’s Catering, a platter from Judge’s BBQ, and two dozen tenderloins from Mug
‘n’ Bun.