Wednesday, May 22 2013 5:49 AM EDT2013-05-22 09:49:24 GMT
In a community used to experiencing tornadoes, many in Moore, Oklahoma are in a state of shock. "This was the storm of storms," said Oklahoma City Mayor Mick Cornett. Monday's tornado was categorizedMore >>
Throughout the day Tuesday, victims returned to what was left of their homes, searching for anything the twister left behind.More >>
Wednesday, May 22 2013 5:22 AM EDT2013-05-22 09:22:06 GMT
After a quiet start to the week, things heat up today at the Indianapolis Motor Speedway with Community Day. And the track has a lot of family-friendly events planned. Community Day is a fan favoriteMore >>
After a quiet start to the week, things heat up today at the Indianapolis Motor Speedway with Community Day and a Pacers playoff game tonight. Plenty of fan-friendly events are planned for the Pacers and racers.More >>
Wednesday, May 22 2013 5:21 AM EDT2013-05-22 09:21:57 GMT
State health officials are urging people to be careful as they head for Indiana's lakes and other bodies of water for summer recreation. The Indiana State Department of Health this week issued a listMore >>
State health officials are urging people to be careful as they head for Indiana's lakes and other bodies of water for summer recreation.More >>
Wednesday, May 22 2013 4:26 AM EDT2013-05-22 08:26:32 GMT
Indiana's Office of Faith-Based and Community Initiatives is seeking nominations for the Governor's Service Awards. The award honors residents and volunteer groups for their work in a series of categoriesMore >>
Indiana's Office of Faith-Based and Community Initiatives is seeking nominations for the Governor's Service Awards.More >>
Wednesday, May 22 2013 4:24 AM EDT2013-05-22 08:24:20 GMT
Organizers of a summer camp for children of military families say the program will go on this summer at Indiana Dunes National Lakeshore despite losing federal funding. Operators of Indiana Operation:More >>
Organizers of a summer camp for children of military families say the program will go on this summer at Indiana Dunes National Lakeshore despite losing federal funding.More >>
Wednesday, May 22 2013 4:22 AM EDT2013-05-22 08:22:57 GMT
The U.S. Environmental Protection Agency wants to add three Superfund sites in Indiana to its highest priority cleanup list for hazardous waste sites. The EPA proposed Tuesday adding Superfund sites inMore >>
The U.S. Environmental Protection Agency wants to add three Superfund sites in Indiana to its highest priority cleanup list for hazardous waste sites.More >>
Tuesday, May 21 2013 10:52 PM EDT2013-05-22 02:52:29 GMT
We've seen the damage from Oklahoma, hundreds of homes leveled. You have also seen those that survived a direct hit did so in a storm shelter. Storms shelters have not caught on in Indiana like otherMore >>
Storm shelters haven't caught on in Indiana like in some states along Tornado Alley, but more Hoosiers are making the investment to keep their families safe.More >>
Tuesday, May 21 2013 10:27 PM EDT2013-05-22 02:27:16 GMT
Telemarketers are deploying new tactics to get your secret information - and all they have to do is get you to answer the phone. A call to a home phone this week showed up on the screen as "private name,More >>
Telemarketers are deploying new tactics to get your secret information - and all they have to do is get you to answer the phone.More >>
Tuesday, May 21 2013 9:01 PM EDT2013-05-22 01:01:00 GMT
Police arrested a semi driver with a blood-alcohol content more than three times the legal limit after a tip from a motorist in Grant County. State troopers monitoring a work zone on I-69 near the 271More >>
Police arrested a semi driver with a blood-alcohol content more than three times the legal limit after a tip from a motorist in Grant County.More >>
Tuesday, May 21 2013 6:50 PM EDT2013-05-21 22:50:23 GMT
The Federal Bureau of Investigation is searching offices at the Indianapolis City-County Building Tuesday. Several city employees have been arrested. The Department of Metropolitan Development DirectorMore >>
Two city employees and three others are accused of using a city program aimed at tackling the abandoned house problem and turning it into a money-making venture. The five face charges involving wire fraud and bribery.More >>
WASHINGTON -
A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure. That's despite pressure from the Obama administration.
The Federal Housing Finance Agency announced the decision after months of considering the option.
Acting director Edward DeMarco has long opposed allowing Fannie and Freddie to offer principal reduction.
DeMarco said an analysis by the FHFA found the potential benefit was too small compared with the costs and risks. The risks include as many as 19,000 borrowers strategically defaulting on their loans, according to the analysis.
It found that up to 248,000 homeowners would be eligible for principal reductions from Fannie and Freddie. An estimated 11 million Americans owe more on their mortgages than their homes are worth.
The Obama administration immediately voiced its disappointment with the decision, with Treasury Secretary Timothy Geithner saying it was not the best decision for the country.
(Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.)
Tuesday, May 21 2013 10:27 PM EDT2013-05-22 02:27:16 GMT
Telemarketers are deploying new tactics to get your secret information - and all they have to do is get you to answer the phone. A call to a home phone this week showed up on the screen as "private name,More >>
Telemarketers are deploying new tactics to get your secret information - and all they have to do is get you to answer the phone.More >>
Monday, May 20 2013 6:20 PM EDT2013-05-20 22:20:47 GMT
A 10-year-old Indianapolis girl had high hopes for Saturday's Lemonade Day, a day when kids get the chance to learn about running a small business. Morgen Morris, who was sponsored by WIBC Radio, scoredMore >>
But just an hour into selling glasses of Peachy-Keen lemonade for 75 cents a glass, an IMS employee put the brakes on Morgen Morris' stand.More >>
Tuesday, May 21 2013 9:37 PM EDT2013-05-22 01:37:26 GMT
A South Bend teenager who angered a judge by smirking during his sentencing for killing a 16-year-old boy has received the maximum time behind bars allowed under a plea agreement. St. Joseph SuperiorMore >>
A South Bend teenager who angered a judge by smirking during his sentencing for killing a 16-year-old boy has received the maximum time behind bars allowed under a plea agreement.More >>
Tuesday, May 21 2013 10:52 PM EDT2013-05-22 02:52:29 GMT
We've seen the damage from Oklahoma, hundreds of homes leveled. You have also seen those that survived a direct hit did so in a storm shelter. Storms shelters have not caught on in Indiana like otherMore >>
Storm shelters haven't caught on in Indiana like in some states along Tornado Alley, but more Hoosiers are making the investment to keep their families safe.More >>
Tuesday, May 21 2013 6:50 PM EDT2013-05-21 22:50:23 GMT
The Federal Bureau of Investigation is searching offices at the Indianapolis City-County Building Tuesday. Several city employees have been arrested. The Department of Metropolitan Development DirectorMore >>
Two city employees and three others are accused of using a city program aimed at tackling the abandoned house problem and turning it into a money-making venture. The five face charges involving wire fraud and bribery.More >>
Tuesday, May 21 2013 9:01 PM EDT2013-05-22 01:01:00 GMT
Police arrested a semi driver with a blood-alcohol content more than three times the legal limit after a tip from a motorist in Grant County. State troopers monitoring a work zone on I-69 near the 271More >>
Police arrested a semi driver with a blood-alcohol content more than three times the legal limit after a tip from a motorist in Grant County.More >>
Tuesday, May 21 2013 2:56 PM EDT2013-05-21 18:56:30 GMT
A tornado watch has been issued for several counties in central and western Indiana. The counties included in the watch are: Boone, Carroll, Clay, Clinton, Daviess, Fountain, Gibson, Greene, Hamilton,More >>
The National Weather Service confirms a weak tornado struck west of Indianapolis overnight and caused minor damage.More >>
Tuesday, May 21 2013 1:03 PM EDT2013-05-21 17:03:08 GMT
The Indiana Bureau of Motor Vehicles admits that it may have inadvertently overcharged for its drivers' licenses. It's the first time, the BMV has responded to a class action lawsuit alleging the agencyMore >>
The Indiana Bureau of Motor Vehicles admits that it may have inadvertently overcharged for its drivers' licenses.More >>
Wednesday, May 22 2013 5:49 AM EDT2013-05-22 09:49:24 GMT
In a community used to experiencing tornadoes, many in Moore, Oklahoma are in a state of shock. "This was the storm of storms," said Oklahoma City Mayor Mick Cornett. Monday's tornado was categorizedMore >>
Throughout the day Tuesday, victims returned to what was left of their homes, searching for anything the twister left behind.More >>
Tuesday, May 21 2013 5:44 PM EDT2013-05-21 21:44:57 GMT
Cody Zeller's decision to leave Indiana University and head to the NBA looks like it may be paying off. Zeller's stock has gone up considerably after his performance last week at the NBA Combine in Chicago.More >>
Cody Zeller's decision to leave Indiana University and head to the NBA looks like it may be paying off.More >>
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