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Article: The subprime "crisis" and Northeast Wisconsin
- Article from:
- Marketplace
- Article date:
- April 15, 2008
- Author:
CopyrightCopyright ADD, Inc. Apr 15, 2008. Provided by ProQuest LLC. (Hide copyright information)
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The next two sentences shouldn't be a surprise to anyone who has followed the way Northeast Wisconsin's economy has worked in the past two decades:
* The subprime mortgage crisis affecting both homeowners and financial institutions in the U.S. is having only a fraction of the impact it's had on the east and west coasts of the U.S.
* That doesn't mean it's having no impact at all in Northeast Wisconsin, but not for local reasons.
"The subprime market in generally, basically, there's been a positive effect on Associated's mortgage business," says Ann Spencer, regional director of mortgage loans for Associated Bank in Appleton. "Associated has a reputation of doing what's right for the ...