Banking/Finance

Banking/Finance, Business, Milwaukee, Taxes

HQ in Ireland

Banking/Finance, Business, Wisconsin

574%

State one of leaders in payday stores per capita, creates vicious cycle for low income people.

Via Payday Stores Charge Average Interest of 574%! » Urban Milwaukee.

Banking/Finance, Crime, Federal Government

Freddie Mac officials walk

Via Federal Fraud? No Problem!! @ Dad29.

Banking/Finance, Economy, Milwaukee

Milwaukee faces foreclosure crisis

At issue is information that major mortgage-servicing companies have given to the city and community groups like Common Ground that suggest there are hundreds of properties that are delinquent on loans or are underwater, meaning property owners or the holder of the mortgage owe more than the home is worth. Via City officials warn of…

Banking/Finance, Federal Government, Government Spending

It’s the least they could do

Via Did JPMorgan Thank You? @ Dad29.

Banking/Finance, Democrats, Economy, Pres. Obama

Left lambasts Obama

Via Elizabeth Warren: Obama sided with Wall Street over people losing their homes @ Blogging Blue.

Banking/Finance, Business, Economy

Debt crushes housing

Every $250 in monthly household student loan debt payments reduces that household’s home purchasing power by $44,000, the study by John Burns Consulting in Irvine projected. Via Student loan debt costing U.S. housing market $83 billion annually in lost home sales, study says @ JS School Zone Blog.

Banking/Finance, Economy, Wisconsin

Almost normal again

Court records show foreclosure filings in Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington and Waukesha counties totaled 2,857 in the first six months of 2014, the lowest level for a half-year span since 2,820 were recorded in 2006. Filings peaked in the seven-county region at 6,292 during 2009. Via Foreclosures recede to pre-crisis level for first…

Banking/Finance, Business, Economy, Milwaukee

Understanding zombie properties

One can imagine two contending explanations. The first is that the whole lending process became too complicated. A bunch of hubristic whiz kids thought they could eliminate risk through algorithms rather than traditional tools like underwriting and requiring down payments. This involved creating a complicated ownership structure for packaged loans – so no one would…

Banking/Finance, Business, Sports

Aaron Rodgers as a security

A San Francisco-based brokerage service announced on Thursday a new marketplace where investors can buy and sell shares linked to the value and performance of the brand of an athlete. Via Want a piece of Aaron Rodgers? It could happen through stock @ JS Business of Sports Blog.

Agriculture, Banking/Finance, Wisconsin

Desperate Wisconsinites beg online to save family farm

The Wisconsin Happy Farm recently received the following email explaining the plight of a young farming couple. Wisconsin has a long history of family farming, and with that history comes stories of both success and decline. Zack and Bethany Schultz have recently found themselves at such a crossroads: faced with the declining health of their…

Banking/Finance, Law

Could interest rates from payday loans constitute unconscionable terms under WI law?

The WI Court of Appeals asks the WI Supreme Court: “Once again we have been asked to draw the line of unconscionability for short-term loans with very high interest rates, and once again we believe the question is appropriately addressed to our supreme court,” reads the certification by a panel consisting of judges Brian Blanchard,…