Real estate woes grow in commercial sector

Board votes to give $2.3M for affordable housing projects

Published: September 27, 2012
Tags: affordable housing, Board of Supervisors, loans, WHEDA

The Milwaukee County Board of Supervisors voted to contribute more than $2.3 million to three affordable housing projects through 0 percent interest deferred loans.

Low-interest loans approved for Wis. flood damage

Published: July 30, 2012
Tags: Bayfield, Burnett, Douglas, flood, loans, Sawyer, U.S. Small Business Administration, Washburn

Federal low-interest loans for people and businesses that suffered damage during last month’s flooding in northwest Wisconsin have been approved.

May foreclosure rate steadies as banks hold back  

Published: June 10, 2010
Tags: banks, foreclosures, loans, Mortgage Bankers Association, unemployment

By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — The foreclosure crisis appears to be leveling off. The number of people facing foreclosure is nearly flat from a year ago, according to the latest report from a private foreclosure listing service. A third fewer people are receiving legal warnings that they could lose their [...]

Weak small business lending draws fire

Published: May 13, 2010
Tags: business loans, community banks, Congressional Oversight Panel, financial crisis, loans, small business, Treasury Department

By Daniel Wagner AP Business Writer Washington — The Treasury Department’s programs to ease credit for small businesses have not provided the lending necessary to help many businesses grow and create jobs, according to a new report. Treasury has rolled out a series of multibillion dollar plans that were supposed to help small businesses get [...]

Lenders leave expansions in the lurch (VIDEO)

Published: December 10, 2009
Tags: American Recovery and Reinvestment Act, Doyle, expansion, Helios, Helios USA LLC, Koeppe, lenders, loans, manufacturing, Nature Tech, Nature Tech LLC, Northwest Side Community Development Corp., Scampini, Snyder, ZBB Energy
Comments: 2

By Sean Ryan Private lenders slammed shut their vaults this year just as energy companies were reaching for money to expand their businesses. The timing undercut a state focus on rebuilding the manufacturing industry on the shoulders of companies such as ZBB Energy Corp., Menomonee Falls. That firm’s $4.5 million expansion, and others like it, [...]

FHA proposes tighter rules for lenders (2:39 p.m. 11/30/09)

WASHINGTON (AP) — The Federal Housing Administration is proposing stricter rules for lenders to reduce its risk and insure it can cover future losses. The agency proposes to require lenders to have a net worth of at least $1 million in the first year and $2.5 million within three years. That’s up from the original [...]

Foreclosures dip for third straight month (6:47 a.m. 11/12/09)

By J.W. ELPHINSTONE AP Real Estate Writer NEW YORK (AP) — The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers. But foreclosure filings are still up 19 percent from a year ago, RealtyTrac Inc. said Thursday, and rising [...]

Builders shy away from foreclosed homes

Published: August 3, 2009
Tags: foreclosure, housing, Housing Infrastructure Preservation Fund, loans, redevelop, renovation
Comments: 1

Sean Ryan sean.ryan@dailyreporter.com There’s money to be made renovating cheap, foreclosed homes in Milwaukee, but hard-to-get loans are keeping contractors out of the market. “It’s a great idea to buy foreclosures, rehab them and hold onto them until the market goes up,” said Cindy Kuhs, co-owner and president of Kuhs Quality Homes Inc., Greenfield. “It’s [...]

Sour loans crush Main Street businesses

Published: July 29, 2009
Tags: loans, Main Street, small business, Small Business Administration, stimulus

Frank Bass and Rita Beamish AP Writers Redwood City, CA — As the effects of the economic collapse began pouring down Main Street, the government last year was left holding a record $2.1 billion in write-offs of small-business loans it had guaranteed. Officials expect the number of defaults to rise as the nation continues to [...]