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Milwaukee Hosts Foreclosure Prevention Event
Posted on July 31st, 2009 No commentsMilwaukee city officials said about 1,500 letters have been sent to homeowners deemed to be at risk of losing their homes, inviting them to come to the free and confidential foreclosure prevention event on Aug. 6, the Milwaukee Journal Sentinel reported.
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So-Called Mortgage Modification Firm Banned
Posted on July 29th, 2009 No commentsThe Wisconsin Department of Financial Institutions banned the Federal Loan Modification Law Center LLP, of Irvine, Calif., from doing business here. The company promised to help customers make mortgage modifications, charging upfront fees of about $1,500 to $2,500 per customer, according to DFI’s Mike Mach. Read the Milwaukee Journal Sentinel article.
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Payday Lender Nullifies Loans
Posted on July 29th, 2009 No commentsArrowhead Investments LLC, a provider of payday loans over the Internet, has agreed to zero-out all loans to Wisconsin customers and pay $180,000 in restitution and costs to settle allegations of consumer law violations, the Business Journal of Milwaukee reported.
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Milwakee’s Legacy Bank Honored
Posted on July 28th, 2009 No commentsLegacy Bank of Milwaukee has been named “Financial Services Company of the Year” by Black Enterprise magazine. Read the Business Journal of Milwaukee article.
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Amcore: Second Quarter Loss Not as Bad
Posted on July 28th, 2009 No commentsRockford-based Amcore Financial Inc. lost money again, but the second quarter loss of $10.7 million, or 47 cents a share, was less than last year. The loss was two-thirds less than the previous quarter and about 50 percent less than a year ago, according to the Milwaukee Journal Sentinel.
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Anchor Reports Quarterly Loss
Posted on July 28th, 2009 No commentsFor its first fiscal quarter, Anchor BanCorp Wisconsin Inc. reported a loss of $11.8 million, or 56 cents a share, compared with year-earlier net income of $5.5 million, or 26 cents a share. The loss was an improvement from the fourth quarter of last year and reflected lower charge-offs and decreased loan-loss provisions. Read the Milwaukee Journal Sentinel article.
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U.S. Bank Names New Milwaukee Exec
Posted on July 27th, 2009 No commentsJayne Hladio has been appointed senior vice president and Milwaukee metropolitan region executive for U.S. Bank, the Business Journal of Milwaukee reported. She was previously with Royal Bank of Scotland, Charter One in Chicago.
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Bank Mutual Income Down 11%
Posted on July 24th, 2009 No commentsBrown Deer-based Bank Mutual Corp. saw its net income decline by 11.6 percent in the second quarter, the Business Journal of Milwaukee reported.
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Metavante Profits Up
Posted on July 23rd, 2009 No commentsProfits increased almost 41 percent for Brown Deer-based Metavante Technologies Inc. in the second quarter, the Milwaukee Journal Sentinel reported.
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Bank of Elmwood Must Restore Capital
Posted on July 23rd, 2009 No commentsThe Federal Reserve has asked Bank of Elmwood in Racine to restore capital or sell by the end of August. The order also restricts dividends to shareholders and bonuses to senior officers; and limits interest that can be paid to depositors. Read the Milwaukee Journal Sentinel article.