Banking/Finance
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
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
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,…
Banking/Finance, Economy
Dane County’s real estate market bounces back
Foreclosures down 54% y-o-y. Via April foreclosure filings in Dane County down 54% for 9th consecutive drop @ State Journal Property Trax blog
Banking/Finance, Business, Government Spending, State Government, Wisconsin
The Secret Takeover of Circus World
How much money does the failing Baraboo museum really want? Via Historical Society Stonewalls About Circus Museum Lobbying Efforts @ Media Trackers.
Banking/Finance, Business, Economy
Perhaps there isn’t a housing recovery after all
Banking/Finance, Economy
SE WI foreclosure filings down 33%
Banking/Finance
Bank of Wausau circles the drain
Accidents, Banking/Finance, Weird Tales
Brookfield bank falls for $70K scam
Oh, brother. No whether the depositor’s sticking with the Tri-City Bank. Via Brookfield Patch.
Banking/Finance, Crime
Dane County sheriff investigates Mazomanie bank robbery
Banking/Finance, Open Government, Regulations, State Government
Wisconsin Dept of Securities history of Failure to Disclose
Only offered info on a phone number for inquiries beginning last week. Via Milwaukee Journal Sentinel.
Animals, Banking/Finance, Business, Economy, Wisconsin
Only 25% of Wis Bankers day state’s economy healthy
Accidents, Banking/Finance
Bank employees hospitalized after inhaling fumes from inside vault
Banking/Finance, Business
Billionaire Carl Ichan ends bid for Oshkosh truck corp
Banking/Finance
Foreclosure mediation expands statewide
Banking/Finance, Economy
SE WI foreclosure filings climb 10%
Banking/Finance, Business, Weather
NYSE reopens Wednesday
Banking/Finance, Crony Capitalism, Misconduct
Former Marshfield Clinic leader to head WEDC temporarily
Current leader, Paul Jadin, scurries out from under Wisconsin Economic Development Corporation fiasco. Via Channel 3000.