Kim’s Tuesday Local & National News and Sports Headlines Trees down, limbs snapped, soggy earth and power outages–those are the conditions that Indy and Central Indiana are the conditions that greet us all on this Tuesday. You may be on “team storm recovery” at your house this morning. Around 57,000 people across the area are without power. […]

Exercising his constitutional powers, President Barack Obama named Richard Cordray as the director of the newly created Consumer Financial Protection Bureau, which watches for violations of mortgage company laws. SEE ALSO: Ron Paul Attracts Young Voters The new appointment is controversial because President Obama chose to elect Cordray without Senate confirmation during Congress’ recess. The […]

WASHINGTON — The Obama Administration announced Thursday that adjustments will be made to the Federal Housing Administration (FHA), requiring services to extend the forbearance period for unemployed homeowners from 3 months to 12 months, according to the U.S. Department of Housing and Urban Development. Expected to become a standard for the mortgage industry, these adjustments […]