Area banks brace for State Issue 1 mortgage rush
Lorain County banks expect an early morning flood Monday as they begin processing applications for State Issue 1 mortgage loans. First time buyers swarmLOyer lenders report high demand with loans fixed at 9.98 percent for 30 years and limited supply. Eligible buyers in the county face purchase limits of 384,700 for new homes and 57,860 for existing homes, with 5 percent down and four points upfront. Targeted areas allow participation for existing homeowners, with higher ceilings: 92,400 for new and 63,120 for existing homes. Lorain likely to gain a large zone, Elyria possibly joining per Ohio Housing Finance Agency guidance.
MENTIONED IN THIS ARTICLE
Lorain County Financial Institutions
Jerain County
Sumeone
Lorain
Elyria
Ohio Housing Finance Agency
Syria blocks Lebanon roads amid troop withdrawal pact
Amid a two stage U S mediated withdrawal, Syria blocks Beirut-Damascus and Beirut-Tripoli routes and cuts Beirut links as Lebanon, Israel sign a border pact in Khalde. Officials say border remains open but no travel into Syrian held areas.
MENTIONED IN THIS ARTICLE
Syria
Lebanon
Israel
Beirut-Damascus
Sefar
Beirut
Bekaa
Tripoli
Helweh
Palestine Liberation Organization
Kiryat Shmona
Khalde
Kimche
Drug deal ripoff tied to babysitter slaying
Police say Pamela A. Mayar, 25, was shot when she failed to deliver on a drug deal. Four Cleveland residents were charged with aggravated murder after her body was found in a Brook Park Inn car trunk. The suspects appeared in Berea Municipal Court with bonds set at 500,000.
MENTIONED IN THIS ARTICLE
Brook Park
Cleveland
Pamela A. Mayar
Westlake
West 167Th St
Judith
David Haas
Maplewood Ave
Robert Slovenski
Brookpark Road
James Hennessy
Majoris
Cuyahoga County
Dease
Parkbrook Inn
Mayar
Berea
Pamela A. Mayor
Gene Krebs
Gunman robs ex-councilman Arnold Tollett in office
Elyria former councilman Arnold Tollett coowner of Northwest Vending Co was robbed at gunpoint Monday evening about 7 15 in his business office as he checked receipts. He was struck with the gun butt told to lie face down while the thief rifled an open safe. a car horn outside prompted the suspect to flee before police arrived.
MENTIONED IN THIS ARTICLE
Elyria
Arnold Tollett
Elyria Tollett
Northwest Vending Co
Tollett
Weather Forecast and Rambling Observation
Tonight will be mostly clear with a low around 45. Southeasterly winds under 1 mph. Wednesday is sunny with a high near 70. A tangential note: people who crack personal jokes often provoke the listener to deliver the punch line.
Tougher than ever in Elyria UAW faces Moon division shutdown risk
UAW Local 181 chair Angelo Vasi says Stanadyne may shut the Moen Moon division by June 15 if no deal is reached. About 150 workers remain, and the union last offered concessions on April 14 after Stanadyne rejected fringe-benefit terms.
MENTIONED IN THIS ARTICLE
Elyria
United Auto Workers Local 181
Stanadyne
Moon
Angelo Vasi
UAW
Vasi
Dallas
Cavaliers hire Tom Nissalke as coach
Tom Nissalke was rehired this morning as coach of the Cleveland Cavaliers with terms and contract length not disclosed. The development follows an earlier Page A-3 story and confirms a return to the Cavaliers after prior tenure.
MENTIONED IN THIS ARTICLE
Tom Nissalke
Cleveland Cavaliers
Also Mentioned on This Page
Ouyeers
William Fitch
Elyria Savings & Trust National Bank
The
Associated Press
Antoine Fattal
David Kimche
U.S
Morris Draper
Bill Steed
Croaker College
Emeryville
Calif
Arnold
Calaveras County
Thomas Ottc-T
By Tom Ford
Mayor Keys
Police
Mayor and Safety Service
Charles Hoagland
Bbc
Biz Entertainment
North Ridgeville
Stanadyne Union
Tom Ford
Robert Stuart
Moen Division
C-T
Moen
Bulletin
Micenba
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