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The company is looking to tap into a surge of homebuying tied to historically low interest rates.November 3
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The company, which recently completed an audit, set aside funds to cover issues tied with a lending program it discontinued last year. The move cleared the way for Sterling to file an overdue annual report with the Securities and Exchange Commission.October 7
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The class-action lawsuit claims the company used deceptive contracts, locking low-income Black homebuyers into disadvantageous long-term mortgages without proper lending disclosures.October 1
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When you're quarantined inside your home with no place to go, the walls around you take on a whole new meaning.August 19
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Developer Doug Loose says he is "living in a cloud" after recently securing financing through Frankenmuth Credit Union for a portion of his $4.2 million purchase of a damaged condominium complex in Midland, Mich.August 10
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Home sale prices are up while sales numbers are way down in metro Detroit's real estate market, which has yet to experience any collapse in values from the coronavirus-caused recession.July 22
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Home sales plunged 70% in May in the wake of the COVID-19 pandemic — the largest drop in the country, according to the Remax National Housing report.June 26
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Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.June 1
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Michigan's economy collapsed this spring amid the coronavirus pandemic as thousands of businesses closed and more than 1 million residents lost work and sought unemployment benefits.May 28
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County homeowners may be eligible for federal assistance in the form of low-interest loans rather than grants.May 25