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Housing

On a seasonally adjusted basis, the pace of mortgage loan activity increased 17.7 percent for the week ended June 11, according
to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.82 percent from 4.81 percent the previous
week. The rate for 15-year mortgages decreased to 4.23 percent from 4.26 percent.

Indiana gives $15.5M to 4 low-performing schools

The grants announced Monday include $5.9 million for Hammond High School, $5.8 million for Glenwood Middle School, $2.2 million
for Indianapolis Metropolitan High School and $1.6 million for the Challenge Foundation Academy.

Daniels tapping out-of-state donors

The drive by Gov. Mitch Daniels to help Republicans regain control of the Indiana House is gaining plenty of support from
out-of-state donors.

Durham poised to turn over proceeds of mansion sale

Beleaguered financier Tim Durham acknowledges owing millions to Fair Finance and is turning over artwork and selling assets
to reduce the loan, according
to an attorney overseeing the company’s bankruptcy.

City Market lands another fresh-food vendor

Pretzel-maker A Taste of Philly expands from its current location at 42nd Street and College Avenue to take 200 square feet
of space inside the historic downtown market, slated for a major overhaul.

Westfield residents to hear plans for $1B development

The Estridge Cos., a Carmel-based home builder, will present details of the massive project&#151mixing condos, apartments
and retail with a $15 million stadium&#151at a public hearing
Monday evening.

Communities face road-stripe paint shortage

Newly paved roads in Indiana communities might look bare this summer as a nationwide shortage of road paint prevents public
works crews from putting the finishing touches on stripes and other pavement markings. The shortage stems from a low supply
of a paint additive known as methyl methacrylate, which makes road paint brighter, and from increased demand for markings
because of projects funded by the federal economic stimulus program. In some cases, communities are being told it could take
up to 14 weeks to get the paint.

Officer arrested for driving drunk on ATV

Bargersville police officer Zach Elliott has been suspended after Trafalgar investigators arrested him for allegedly driving
an all-terrain vehicle while intoxicated on his father-in-law’s property Saturday afternoon. Elliott, who failed a field
sobriety test, reportedly told police that he drank six or seven beers before driving the ATV down a ravine and flipping it.
John Adams, a passenger, was pinned under the upturned vehicle and suffered a broken hip. Bargersville authorities will consider
whether Elliott should be fired, possibly within the next several days. Fox59 will have more at 4 p.m.

Officer arrested for driving drunk on ATV

Bargersville Police officer Zach Elliott has been suspended after Trafalgar police arrested him for allegedly driving an all-terrain
vehicle while intoxicated on his father-in-law’s property on Saturday afternoon. Elliott, who failed a field sobriety
test, reportedly told police that he drank six or seven beers before driving the ATV down a ravine and flipping it. John Adams,
a passenger, was pinned under the upturned vehicle and suffered a broken hip. Bargersville authorities will consider whether
Elliott should be fired, possibly within the next several days. Fox59 will have more at 4 p.m.

Walton charity pledges $1.2M for Indy charters

An Arkansas-based charity, formed by Wal-Mart Stores founder Sam Walton, will run a competition to award grants to five community
organizations that want to start charter schools.