Commercial real estate market staggers through financial crisis

Wells Fargo to pay $175M in lending settlement

Published: July 12, 2012
Tags: foreclosure, lending, mortgages

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.

Wis. agency will resume lending to home buyers (9:55 a.m. 2/12/10)

Published: February 12, 2010
Tags: Fannie Mae, home loans, Homeowners, lending, Riley, WHEDA, Wisconsin Housing and Economic Development Authority

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 [...]

WHEDA puts on $10,900 party (9:22 a.m. 12/17/09)

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 [...]

Obama to banks: ease lending to businesses (1:43 p.m. 12/14/09)

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 [...]