Discover to begin offering home equity loans - 13 WTHR Indianapolis

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Discover to begin offering home equity loans

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Tornado rips through Oklahoma
Tornado rips through Oklahoma
Updated: Monday, May 20 2013 4:54 PM EDT2013-05-20 20:54:46 GMT
A tornado is being reported on the ground in Lindsay, Oklahoma. Video from the area shows a large tornado moving through the area. Local meteorologists say the tornado is a mile wide and is likely anMore >>
A massive tornado touched down in Lindsay, Oklahoma, about an hour south of Oklahoma City on Monday afternoon. There are numerous reports of injured people trapped in debris.More >>
Gas station owner plans more security after robbery
Gas station owner plans more security after robbery
Updated: Monday, May 20 2013 4:51 PM EDT2013-05-20 20:51:29 GMT
Security cameras captured armed robbers who threatened a gas station employee, but only made off with candy. The robbery happened around 5 a.m. Saturday at the Citgo gas station at 42nd Street and MitthoefferMore >>
Security cameras, extra police and more lighting are among the measures Tahir Kahn is taking after his gas station at 42nd and Mitthoeffer was robbed over the weekend.More >>
Two children dead, two adults critically injured in Cumberland fire
Two children dead, two adults critically injured in Cumberland fire
Updated: Monday, May 20 2013 4:34 PM EDT2013-05-20 20:34:24 GMT
Two children have died and four others were injured in a far east side Indianapolis condominium fire Monday morning.More >>
Two children have died and four others were injured in a far east side Indianapolis condominium fire Monday morning. Firefighters believe the fire was accidental, but they haven't yet determined the cause.More >>
Man fatally shot in southern Indiana
Man fatally shot in southern Indiana
Updated: Monday, May 20 2013 4:06 PM EDT2013-05-20 20:06:24 GMT
Authorities say a man has been found fatally inside a southern Indiana home. The shooting was reported about 9:30 a.m. Monday in the Harrison County town of Ramsey, about 20 miles east of Louisville,More >>
Authorities say a man has been found fatally inside a southern Indiana home.More >>
Jodi Arias lawyers ask to withdraw from case
Jodi Arias lawyers ask to withdraw from case
Updated: Monday, May 20 2013 2:26 PM EDT2013-05-20 18:26:10 GMT
Jodi Arias' lawyers have asked to withdraw from the case and say they won't call any witnesses in the penalty phase of her trial. The stunning declaration came Monday after the judge denied their requestMore >>
Jodi Arias' lawyers have asked to withdraw from the case and say they won't call any witnesses in the penalty phase of her trial.More >>
IMPD seeks missing teen
IMPD seeks missing teen
Updated: Monday, May 20 2013 1:53 PM EDT2013-05-20 17:53:46 GMT
Indianapolis Metro Police are asking for your help in locating 18-year-old Alexis Ricard. Alexis has been diagnosed as mildly mentally handicapped and functions at the level of a 12-year-old child. SheMore >>
Indianapolis Metro Police are asking for your help in locating 18-year-old Alexis Ricard.More >>
Nate Hoff joins Indiana University football program
Nate Hoff joins Indiana University football program
Updated: Monday, May 20 2013 1:48 PM EDT2013-05-20 17:48:45 GMT
Indiana head coach Kevin Wilson announced Monday that defensive lineman/offensive lineman Nate Hoff has joined the IU football program. Hoff is eligible for the 2013 season and has four years of eligibility. TheMore >>
Indiana head coach Kevin Wilson announced Monday that defensive lineman/offensive lineman Nate Hoff has joined the IU football program. Hoff is eligible for the 2013 season and has four years of eligibility.More >>
Castroneves, Franchitti chase 4th Indy 500 win
Castroneves, Franchitti chase 4th Indy 500 win
Updated: Monday, May 20 2013 12:58 PM EDT2013-05-20 16:58:03 GMT
Helio Castroneves hopes a new generation of fans gets to see a four-time winner of the Indianapolis 500. It's been 22 years since the last driver won his fourth Indy 500 title. Now Castroneves and DarioMore >>
It's been 22 years since the last driver won his fourth Indy 500 title. Now Helio Castroneves and Dario Franchitti are trying to join the exclusive club at Sunday's race.More >>
Tuesday is deadline for Do Not Call list
Tuesday is deadline for Do Not Call list
Updated: Monday, May 20 2013 12:49 PM EDT2013-05-20 16:49:03 GMT
Tuesday is the next deadline to sign up for Indiana's Do Not Call registry. Since January, the state attorney general's office says it has received more than 5,000 complaints about telemarketing callsMore >>
Tuesday is the next deadline to sign up for Indiana's Do Not Call registry.More >>
Space crunch forces food program to turn away help
Space crunch forces food program to turn away help
Updated: Monday, May 20 2013 12:48 PM EDT2013-05-20 16:48:22 GMT
A Lafayette food program is so strapped for space that it's being forced to turn away food donations at least once a week. The Journal & Courier reports that the Food Finders Food Bank can distributeMore >>
A Lafayette food program is so strapped for space that it's being forced to turn away food donations at least once a week.More >>

LOS ANGELES -

Discover Financial Services says it will begin offering home equity loans beginning in the second half of this year, the latest move by the company to push further into direct banking.

Senior executives for the Riverwoods, Ill., company laid out plans for the new home loan program Tuesday at an investor briefing.

Discover, best known for its namesake credit card, has been pushing further into the direct banking business, offering auto, personal and student loans.

Last June, it acquired Tree.com's mortgage business and has since funded more than $2 billion in residential mortgages.

The company expects to make fixed-rate home equity loans between $25,000 and $100,000 to homeowners looking to consolidate debt.

Discover doesn't anticipate the program will have a material impact on net income this year or next.

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Two children dead, two adults critically injured in Cumberland fire
Two children dead, two adults critically injured in Cumberland fire
Updated: Monday, May 20 2013 4:34 PM EDT2013-05-20 20:34:24 GMT
Two children have died and four others were injured in a far east side Indianapolis condominium fire Monday morning.More >>
Two children have died and four others were injured in a far east side Indianapolis condominium fire Monday morning. Firefighters believe the fire was accidental, but they haven't yet determined the cause.More >>
IMPD seeks missing teen
IMPD seeks missing teen
Updated: Monday, May 20 2013 1:53 PM EDT2013-05-20 17:53:46 GMT
Indianapolis Metro Police are asking for your help in locating 18-year-old Alexis Ricard. Alexis has been diagnosed as mildly mentally handicapped and functions at the level of a 12-year-old child. SheMore >>
Indianapolis Metro Police are asking for your help in locating 18-year-old Alexis Ricard.More >>
Indianapolis waitress gets $446 tip
Indianapolis waitress gets $446 tip
Updated: Friday, May 17 2013 3:18 PM EDT2013-05-17 19:18:48 GMT
CeCe Bruce has received a couple of large tips in her life, but nothing like he one she got Wednesday morning. CeCe, a waitress at the Steak 'n Shake restaurant at Keystone and 54th Street, receivedMore >>
CeCe Bruce has received a couple of large tips in her career, but nothing like the one she got Wednesday morning.More >>
Jodi Arias lawyers ask to withdraw from case
Jodi Arias lawyers ask to withdraw from case
Updated: Monday, May 20 2013 2:26 PM EDT2013-05-20 18:26:10 GMT
Jodi Arias' lawyers have asked to withdraw from the case and say they won't call any witnesses in the penalty phase of her trial. The stunning declaration came Monday after the judge denied their requestMore >>
Jodi Arias' lawyers have asked to withdraw from the case and say they won't call any witnesses in the penalty phase of her trial.More >>
Tuesday is deadline for Do Not Call list
Tuesday is deadline for Do Not Call list
Updated: Monday, May 20 2013 12:49 PM EDT2013-05-20 16:49:03 GMT
Tuesday is the next deadline to sign up for Indiana's Do Not Call registry. Since January, the state attorney general's office says it has received more than 5,000 complaints about telemarketing callsMore >>
Tuesday is the next deadline to sign up for Indiana's Do Not Call registry.More >>
Work stops on Greenwood pharmaceutical facility
Work stops on Greenwood pharmaceutical facility
Updated: Monday, May 20 2013 9:01 AM EDT2013-05-20 13:01:12 GMT
Construction has stopped on a pharmaceutical facility being built with a $6 million loan from Greenwood. The city attorney says the city could foreclose on the Elona Biotechnologies facility.More >>
Construction has stopped on a pharmaceutical facility being built with a $6 million loan from a suburban Indianapolis city. Greenwood city attorney Krista Taggart says the city could foreclose on the Elona Biotechnologies facility within the next few weeks unless new investors take over the company. More >>
Olympians among 500 Festival Parade celebrity line-up for 2013
500 Festival Parade celebrity line-up for 2013
Updated: Monday, May 20 2013 11:54 AM EDT2013-05-20 15:54:10 GMT
The IPL 500 Festival Parade kicks off Saturday, May 25 at noon in downtown Indianapolis. In addition to previously announced WNBA Champion Indiana Fever as Parade Grand Marshal and The X-Factor winnerMore >>
Along with the Indiana Fever as Grand Marshal, this year's parade features Olympian gymnasts Shawn Johnson and Jordyn Weiber, Foreigner, Eddie Money, actors Michael Pena and Windell Middlebrooks, Colts punter Pat McAfee, Florence Henderson and Jim Nabors.More >>
Speedway residents issued "friendly reminder" on parking changes
Speedway residents issued "friendly reminder" on parking changes
Updated: Monday, May 20 2013 7:27 AM EDT2013-05-20 11:27:10 GMT
If you're accustomed to free parking in Speedway during the Indianapolis 500, you may have to rethink your plans. New restrictions for some residential streets around the track are in place.. And if youMore >>
If you're accustomed to free parking in Speedway during the Indianapolis 500, you may have to rethink your plans. New restrictions for some residential streets around the track are in place.. And if you violate them, it could cost you.More >>
Ex-Indianapolis councilman sentenced in fraud case
Ex-Indianapolis councilman sentenced in fraud case
Updated: Monday, May 20 2013 12:43 PM EDT2013-05-20 16:43:30 GMT
A former Indianapolis City-County Council member was sentenced to 27 months in prison with three years on supervised release after pleading guilty to fraud charges.More >>
A former Indianapolis City-County Council member was sentenced to 27 months in prison with three years on supervised release after pleading guilty to fraud charges.

More >>
War of words started between Pacers, Heat
War of words started between Pacers, Heat
Updated: Monday, May 20 2013 6:45 AM EDT2013-05-20 10:45:09 GMT
The Indiana Pacers return to practice on Monday, getting ready for game one of the Eastern Conference Finals and the Miami Heat. The Pacers are coming off an electrifying win Saturday night at BankersMore >>
The Indiana Pacers return to practice on Monday, getting ready for game one of the Eastern Conference Finals and the Miami Heat. The Pacers are coming off an electrifying win Saturday night at BankersMore >>

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Discover to begin offering home equity loans - 13 WTHR Indianapolis

Discover to begin offering home equity loans

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