Wisconsin Banking Update
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Wis. Foreclosures Up 9%
Posted on March 2nd, 2009 No commentsWisconsin saw 2,325 foreclosure actions started in February, compared with 2,133 a year earlier – an increase of 9 percent, according to ForeclosureAlarm, a Madison firm that tracks foreclosure data. Forty percent of all the mortgages in foreclosure now are standard mortgages that were fully underwritten, where the borrowers’ income was verified and there was a down payment, said Richard P. Imperiale, president of Forward Uniplan Advisors Inc. in Union Grove, in the Milwaukee Journal Sentinel.
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