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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Mortgage Mediation Proposed
Posted on December 12th, 2008 No commentsA lender would have to offer mediation to homeowners in default on their mortgage before foreclosure could proceed, under legislation state Sen. Lena Taylor said she will propose. Her Mortgage Mediation Act would let borrowers negotiate remedies such as adjusting the interest rate or principal, extending the repayment period, or modifying loan terms, according to a story in the Milwaukee Journal Sentinel.
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