PROXY CORNER: Stonegate Mortgage Corp.
Indianapolis-based Stonegate Mortgage Corp. originates, acquires, sells, finances and services residential mortgage loans in the United States.
Banking & Finance
Articles
Interactive’s stock drop shows vagaries of Wall Street
The greater success Interactive Intelligence enjoys transitioning customers to the cloud, the greater the drag on short-term results.
Stock tied to IPO catapults pay for Springleaf execs
Two executives with the Evansville-based lender received big stock awards in connection with the company’s IPO. The awards put the pair No. 1 and No. 2 on IBJ’s list of highest-paid Hoosier executives.
Executive pay continues on upswing
The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.
HDG Mansur affiliate losing ownership of Market Tower
A Marion Superior Court judge on Tuesday entered a judgment to foreclose on the downtown building after MT Acquisitions LLC failed to pay its nearly $60 million mortgage balance.
BMO Harris shaking up rules of game for car loans
BMO Harris Bank’s dealer compensation change—to a flat-fee based on a vehicle’s purchase price—brings to light how consumers have for years unknowingly footed a payment to dealers through higher interest rates on their car loans.
Stonegate Mortgage results tumble in first quarter
Despite bucking an industry downturn in mortgage loan originations during the first quarter, Stonegate Mortgage Corp. on Thursday reported a net loss of $7.9 million.
Credit unions back to normal following unusual 2012 high
Net income growth among nine big credit unions serving the metro area moderated in 2013 after record earnings for the industry locally and largely across the nation in 2012.
State has $400 million in unclaimed property
Attorney General Greg Zoeller is encouraging people to check an online database to see if they can lay claim to unclaimed assets.
Mortgage rates sink to 2014 low
Warmer weather has yet to boost home-buying as it normally does. Rising prices and higher rates have made affordability a problem for would-be buyers, while many homeowners are reluctant to list their properties for sale.
Feds probe whether HDG Mansur took millions from client
HDG Mansur has divulged in court documents that it’s the target of a federal criminal probe for allegedly skimming millions of dollars from a client.
Indiana bank expands reach with branch acquisitions
First Farmers Financial Corp. said Thursday it is assuming deposits of nine BMO Harris Bank branches in Indiana. It will acquire seven of the nine branch buildings and employees of all nine branches.
Ex-felon fighting denial of mortgage loan license
The state’s authority to license mortgage loan originators is at stake in a case pending at the Indiana Court of Appeals.
CNO takes big earnings hit to dispose of old business
Excluding the cost of finally shedding a block of business from predecessor Conseco Inc., CNO's operations were on the upswing in the first quarter.
ITT student-loan bet stings Lilly’s credit union
A default-prone portfolio of loans to ITT Educational Services students has come back to haunt Eli Lilly Federal Credit Union, a full-service but otherwise conservative institution.
Mortgage originators proliferating in Indiana
Numbers surge after elimination of state-specific test; impact on competition, borrowers remains to be seen
First Internet profit slides in first quarter
A big decline in income from mortgage banking, linked to the national slowdown in home refinancing, carved a chunk from earnings.
City controller floats idea to change retirement plans
If the plan is carried out, new city employees wouldn’t be eligible for pensions through the Indiana Public Retirement System. Instead, they would have a defined-contribution plan similar to the 401(k) plans offered by private-sector employers.
Removing false homestead exemptions to yield bonanza
Marion County stands to receive tens of millions of dollars from property owners who’ve been claiming false homestead deductions when this spring’s tax bills are collected.
Wal-Mart jumps into the money-transfer biz, loudly
The world's largest retailer introduced a new money-transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere.