Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday.
MADISON, Wis. (AP) — Wisconsin’s affordable housing agency says it will resume lending to first-time home buyers after suspending loans for 17 months. The Wisconsin Housing and Economic Development Authority says it will begin offering a new loan product to buyers on March 1. Executive Director Antonio Riley will be joined by other officials at [...]
MADISON, Wis. (AP) — The Wisconsin agency that temporarily suspended its low interest home loans because of the recession has thrown a nearly $11,000 party to show its employees they’re appreciated. While many state agencies are forgoing the traditional holiday parties or holding a potluck gathering, the Wisconsin Housing and Economic Development Authority invited 150 [...]
By DANIEL WAGNER and PHILIP ELLIOTT Associated Press Writers WASHINGTON (AP) — President Barack Obama challenged top bankers Monday to explore “every responsible way” to increase lending, saying they were obliged to help after being rescued by taxpayers. In a statement after more than an hour with the executives, Obama said he reminded them that [...]
Alex Veiga AP Real Estate Writer The residential housing market went into a tailspin over a burst housing bubble and a whole lot of bad mortgages. The commercial real estate market has suffered a different sort of one-two punch. Between the recession and the financial crisis, many commercial property owners were left struggling, and many [...]