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.

Tagged with: foreclosure lending mortgages

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 ...

Tagged with: Fannie Mae home loans Homeowners lending WHEDA Wisconsin Housing and Economic Development Authority

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 ...

Tagged with: lending Monona Terrace mortgage WHEDA Wisconsin Housing and Economic Development Authority

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 ...

Tagged with: banks lenders lending loan Obama small business

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 ...

Tagged with: banks commercial lending real estate recession