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.
The now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage
borrowers with insufficient collateral.
Banks are in trouble. Most are suffering at least a little, and many will not survive. That includes Indiana banks.
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower
costs.
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.
The bank’s $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.
A symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t
hide the anxiety felt within the construction industry.
The hardest-hitting recession in 75 years has left as many as 70 percent of consumers (many newly credit-challenged) with battered credit scores. However, retailers who approach these customers with sensitivity and integrity can find great opportunity both for themselves and the customers they help get on the road to recovery. It has been our experience […]
In the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to ruin financial institutions. Now some fear it might make a return.
On virtually every meaningful measure, this recession stacks up as only the third or fourth worst post-World War II recession, but its effects are much more profound in a few areas. One area that will be most apparent is the changes the economy has wrought on consumer credit.
Just about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
More than a year a year after the financial crisis began, businesses are still looking for new bank relationships.
The banking sector is on the mend after being tattered by the financial crisis, but it still has a long way to go before
making a full recovery. That’s the consensus, judging from recent stock performances of the largest publicly
traded banks with a presence in Indianapolis.
The worst is likely behind us, but difficult times lie ahead, especially for the unemployed.
A panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it’s becoming increasingly difficult to determine the value of properties.
The city is just beginning to digest the news that came out of left field regarding Indianapolis Water Co.’s bond transaction gone wild.
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
Henri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
