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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Mortgages Can Be Challenge for Green Homes
Posted on May 1st, 2010 No commentsThe mortgage market has become difficult to navigate for certain types of new residential construction, including environmentally friendly construction. Because of the lack of comparable home sales on which to base an appraisal, Fannie Mae and Freddie Mac won’t buy the mortgages from lenders for resale to investors. Read the Milwaukee Journal Sentinel article.
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Johnson Bank Stays Active in Mortgage Market
Posted on December 22nd, 2009 No commentsResidential mortgages have remained an attractive business segment for Racine, Wis.-based Johnson Bank. The bank was the 22nd largest seller of residential mortgage loans in the country to Freddie Mac, and the largest Wisconsin-based bank for the third quarter of 2009. Read the Small Business Times article.