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Wis. Foreclosures Up 9%
Posted on March 2nd, 2009 No commentsWisconsin saw 2,325 foreclosure actions started in February, compared with 2,133 a year earlier – an increase of 9 percent, according to ForeclosureAlarm, a Madison firm that tracks foreclosure data. Forty percent of all the mortgages in foreclosure now are standard mortgages that were fully underwritten, where the borrowers’ income was verified and there was a down payment, said Richard P. Imperiale, president of Forward Uniplan Advisors Inc. in Union Grove, in the Milwaukee Journal Sentinel.
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Wis. Banks’ Lending Strong
Posted on March 2nd, 2009 No commentsTotal loans in Wisconsin increased 5.7 percent in the fourth quarter of last year – compared with negative loan growth nationally, the Wisconsin Bankers Association staff and members pointed out in a story that aired on MyFox Wausau (WFXS, Channel 55).
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M&I 4Q Loss Totals $1.9B
Posted on March 2nd, 2009 No commentsMilwaukee’s Marshall & Ilsley Corp. has revised its fourth-quarter loss to $1.9 billion, a change driven mostly by the accounting markdown of the value of acquisitions the bank has made, the Milwaukee Journal Sentinel reported.