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Housing

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 5.9 percent for the week ended June 18, according to the Mortgage Bankers Association. The rate for 30-year mortgages decrased to 4.75 from 4.82 percent the previous week. The rate for 15-year mortgages decreased to 4.19 percent from 4.23 percent.
                

New securities law lets some victims recoup losses

A new state law allows the securities commissioner to award up to $15,000 or 25 percent of unrecovered awards to victims who
can prove that a court or other agency awarded restitution for fraud that occurs after July 1 of this year.

Initiative aims to cut Indiana prison costs

Indiana will soon get its first comprehensive review of the state's criminal code and sentencing policies since 1976,
and officials hope the project will save taxpayer money and reduce how frequently released inmates return to prison

Pacers’ Paul George may be cornerstone rejected by others

It's stylish these days to critcize Pacers player personnel boss Larry Bird. But those observing closely can see that
he's changing the culture within the Blue and Gold franchise. And his latest draft pick should accelerate the change.

$69M in upgrades planned for Bayh Federal Building

Government officials and construction contractors today unveiled several planned upgrades for the Birch Bayh Federal Building
and U.S. Courthouse downtown. The $69.3-million project is slated for
completion by August 2012.

Thwarted baby-snatching suspect to appear in court

A Terre Haute woman accused of stabbing a married couple in an attempt to kidnap their newborn son makes her initial court
appearance today. Police said Stephanie Foster, 34, faked a pregnancy, planning to kidnap a baby and pretend it was hers.
She allegedly targeted Ashley Speer, who had recently given birth. Police say she attacked Speer and her husband, Michael,
in their home. Both are expected to recover. Foster faces charges of attempted murder, attempted armed robbery, aggravated
battery and attempted criminal confinement.

Lebanon mom in trouble for neglect

A Boone County mother is scheduled to be in court this afternoon to face charges that she left her twin daughters locked in
their Lebanon house while she went drinking. Jackquelyn Wood was arrested Friday when her 2-year-olds were found locked in
their room. Investigators say the girls were alone in the house for about three hours with no food or water. Wood had tied
a nylon strap to the door handle to keep it shut, according to police. Their grandfather discovered them and notified authorities.

Starbucks employees tied up, robbed

Carmel Police say an armed robber ambushed two Starbucks employees about 5 a.m. this morning. Investigators said the male
and female workers were preparing to open the coffee shop near West 106th Street and Michigan Road when the robber approached
with a gun. Both employees were tied up but unharmed. The suspect stole an undisclosed amount of cash and fled on foot. Fox59
will have more at 4 p.m.