Meetings will show Hoosiers how to avoid foreclosure
The Indiana Foreclosure Prevention Network will hold meetings in eight cities across the state soon to help people stay in
their homes.
Mortgages
Articles
Ex-Indiana University player Leary pleads guilty in fraud
Todd 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.
Homes lost to foreclosure on track to top 1 million this year
Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the
more than 900,000 homes repossessed in 2009.
RUBENSTEIN: New law may put limits on residential seller financing
A 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.
Study of local mortgage defaults shows benefit of counseling
A 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.
Home Loan Bank CEO dashes talk of impending merger
The 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.
Deadline approaching for mortgage lenders to pass exam
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.
Battered banks don’t see light at end of tunnel
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
Congress aims to put some discipline in lending
Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged
the nation into a severe recession two years ago.
New Indiana law aims to promote safety of traditional loans
A new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's
housing market rebound from a foreclosure crisis instigated by risky loans.
KULT: Mortgage loan officers punch the clock under new rule
The government now views loan officers more like factory workers than white-collar business managers.
A new real estate crisis could wreck recovery
Borrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due
by the end of 2014.
Court-backed foreclosure prevention program grows
The program will expand to St. Joseph and Marion counties this month, to Monroe County this summer, and the rest of the state
later.
HAUKE: There’s little down side to investing Down Under
The country started off as a dump for prisoners and other unwanted British citizens, but it has evolved into a modern-day
paradise.
Four charged with income tax fraud
A business owner and three people allegedly involved in a large mortgage fraud scheme face prison sentences for failing to
report income or file certain tax forms.
Indiana Legislature approves mortgage certification program
Rating system will help homebuyers avoid the risks of borrowing.
First Internet Bank suffers first loss since 2000
Problem loans led to a $2.1 million loss for the Web-based financial company in 2009.
Lawmakers probe banks’ lending to small businesses
U.S. House legislators want to get to the bottom of banks' roles in the economic recovery, both via loans to small businesses
and shouldering losses on commercial real estate lending.
Two more sentenced in mortgage fraud scheme
Federal prosecutors say the men were part of a scheme in which straw deals were set up to obtain inflated mortgages on more
than 100 Indianapolis houses.
Ex-investor sentenced in Indiana mortgage fraud
Robert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.