Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Wisconsin Banks Busy With Refinancings
Posted on October 10th, 2009 No commentsMadison-area banks are getting plenty of refinancing business since mortgage rates dropped below 5 percent. “We’re extremely busy right now,” said Dan Leeder, vice president of mortgage lending for Park Bank. “Our volume has tripled in the past week.” Refinance applications were up 18 percent nationally the week of Oct. 7 from the previous week, the Wisconsin State Journal reported.
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Milwaukee Offers Loans for Foreclosed Homes
Posted on October 10th, 2009 No commentsHome foreclosure filings keep coming in waves – nearly 600 a month in Milwaukee County alone – yet restoring stability comes one house at a time. But now the city is offering forgivable loans of up to $30,000 to people who intend buy, fix up and live in a foreclosed house in the city for the long term, according to the Milwaukee Journal Sentinel.