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Treasury Extends TARP
Posted on December 9th, 2009 No commentsThe U.S. Treasury Department is extending the Troubled Asset Relief Program through Oct. 3, 2010, but doesn’t expect to deploy more than $550 billion of the $700 billion allocated for the program. Treasury also anticipates up to $175 billion in TARP repayments by the end of next year. Read more in the Milwaukee Business Journal.
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Wisconsin Ranks High on Auto Loan Scores
Posted on December 9th, 2009 No commentsWisconsin ranked second in the nation in its average credit score for new car loans, with 796, trailing only Minnesota (804). Wisconsin ranked first in the nation in average credit score for used vehicle loans, with 733, according to a quarterly analysis of automotive credit by Experian Automotive. Read more in the Small Business Times of Milwaukee.
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State Waives Restrictions on Mortgage Insurer
Posted on December 9th, 2009 No commentsMilwaukee-based MGIC Investment Corp.’s principal subsidiary Mortgage Guaranty Insurance Corp. announced that the state’s Office of the Commissioner of Insurance has waived, until Dec. 31, 2011, the requirement that MGIC maintain a specific level of minimum regulatory capital to write new mortgage guaranty policies. Read more in the Small Business Times of Milwaukee.