-
Wisconsin Banker, Others Meet With President
Posted on December 23rd, 2009 No commentsDeloris Sims, CEO of Legacy Bank in Milwaukee, was one of just eight community bankers who had the opportunity to talk with President Barack Obama at the White House about bankers’ efforts to lend in the face of increased regulatory scrutiny. Read more on WisBusiness.com, in the Milwaukee Journal Sentinel or in the Milwaukee Business Journal.
-
Wisconsin SBA Gets Additional Funds
Posted on December 23rd, 2009 No commentsPresident Barack Obama has signed a bill to help provide additional funding to the SBA that will support $4.5 billion in small business lending, according to SBA’s Wisconsin District Office. New approvals of the stimulus loans, which offer higher guarantees and reduced fees, were expected to begin Dec. 28, the Milwaukee Business Journal reported.
-
Mortgage Giants Take Aim at MGIC
Posted on December 23rd, 2009 No commentsCountrywide Home Loans Inc. and BAC Home Loans Servicing LP have filed a complaint against Milwaukee-based MGIC Investment Corp., alleging that the mortgage insurer has denied, and continues to deny, valid mortgage insurance claims submitted by Countrywide and BAC Home Loans, according to the Milwaukee Business Journal.
-
Wells Completes TARP Repayment
Posted on December 23rd, 2009 No commentsWells Fargo & Co. said it has completed its repayment of funds it received under the federal TARP program. Wells redeemed the $25 billion of series D preferred stock issued to the U.S. Treasury in October 2008 and paid accrued dividends of $131.9 million, the Milwaukee Business Journal reported.