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.
Federal low-interest loans for people and businesses that suffered damage during last month’s flooding in northwest Wisconsin have been approved.
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 [...]
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 [...]
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
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, [...]
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 [...]
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 [...]
Sean Ryan firstname.lastname@example.org 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 [...]
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 [...]
Alan Zibel AP Real Estate Writer Washington — Owners of shopping malls, hotels and offices are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years, industry observers warned Thursday. “The commercial real estate time bomb is ticking,” said Rep. Carolyn [...]