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.
-
State Fines Guaranty Bank’s Insurer
Posted on January 26th, 2010 No commentsWisconsin’s insurance commissioner fined Evanston Insurance Co., of Deerfield, Ill., $100,000, concluding the insurer was not authorized in Wisconsin to sell mortgage guaranty insurance – a move that Brown Deer, Wis.-based Guaranty Bank says entitles the bank to relief from big premiums that are draining earnings. Read the Milwaukee Journal Sentinel article.
-
Mortgage Insurer Posts 10th Quarterly Loss
Posted on January 26th, 2010 No commentsAlthough Milwaukee-based mortgage insurer MGIC Investment Corp. posted its 10th consecutive quarterly loss, the mortgage insurer’s stock price rose almost 10 percent the same day, according to the Milwaukee Journal Sentinel.