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Guaranty Bank Faces Court Fight
Posted on March 31st, 2009 No commentsGuaranty Bank, which has been losing money and is under pressure by regulators to strengthen its financial position, says in a federal court filing that the bank will go out of business unless a judge lets it halt premium payments to an insurance company, according to the Milwaukee Journal Sentinel.
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Central States’ Loans Advance
Posted on March 30th, 2009 No commentsAmeriCU, a Troy, Mich.-based lender, is processing many of the mortgage loans that were started with Central States Mortgage Co. before the Wauwatosa firm closed abruptly earlier this month, the Milwaukee Journal Sentinel reported.
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Good Time for Investing in Rental Property
Posted on March 29th, 2009 No commentsFalling prices for rental properties in Dane County could make now the best time in the past decade to invest in multi-family housing, according to real estate agents and property investors. Read the Wisconsin State Journal article.
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Central States Mortgage Begins Liquidation
Posted on March 28th, 2009 No commentsMortgage banker Central States Mortgage Co., which closed its doors March 9, has voluntarily filed for receivership and plans to liquidate its assets, the Business Journal of Milwaukee reported.
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Columnist Takes Aim at Treasury Plan
Posted on March 28th, 2009 No commentsNotable economists say the Treasury’s new plan to buy toxic assets is a gimmick that allows speculators to use taxpayer money to buy and sell toxic assets for a potential profit. They’re right, says Ray Unger, chairman of Forward Investment Advisors in Madison, in a Capital Times column.
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Big Bank CEOs Meet with President
Posted on March 27th, 2009 No commentsThe CEOs of five banks with a strong presence in southeast Wisconsin were among the bank executives who met with President Barack Obama at the White House, the Business Journal of Milwaukee reported.
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Realtors Target First-Time Buyers
Posted on March 27th, 2009 No commentsHoping to draw more first-time homebuyers into the housing market, the Wisconsin Realtors Association is launching a campaign highlighting a temporary tax credit of up to $8,000 for people purchasing their first home. Figuring that people in the 25-to-35 age range would be among likely potential buyers, the association plans to use social networking tools like Facebook and Twitter to spread the word, along with radio ads on stations that appeal to younger listeners, according to the Milwaukee Journal Sentinel.
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TARP Causing PR Problems
Posted on March 26th, 2009 No commentsThe Troubled Asset Relief Program, or TARP, has caused public relations problems even for banks that did not participate in it, according to bankers and PR consultants quoted in an Appleton Post-Crescent article.
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Northwestern Mutual Names New President
Posted on March 25th, 2009 No commentsJohn E. Schlifske has been named president of Northwestern Mutual Life Insurance Co., setting the stage for him to succeed Edward J. Zore as chief executive in 2010. Zore will become chairman and remain CEO while passing the president’s position to Schlifske. Both appointments are effective March 31, the Milwaukee Journal Sentinel reported.
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Wisconsin Ag Lenders: Money Is Available
Posted on March 24th, 2009 No commentsIn the midst of disconcerting news about bankruptcies, bailouts and extreme market volatility, there’s good news for dairy producers — there’s money to be had for farm loans. That was the message of several agricultural lenders at the Professional Dairy Producers of Wisconsin Annual Business Conference last week. Read the article from Dairy Herd Management.