Michigan

County homeowners may be eligible for federal assistance in the form of low-interest loans rather than grants.

Jamie York has taken the helm at Neighborhood Mortgage Solutions as CEO Greg Wischmeyer prepares to retire.

To address the coronavirus' impact, banks like Truist and Ally and nonbanks like Quicken Loans are assisting communities as well as making adjustments to support their workforce and customers.

The company disclosed that an internal review of a now-discontinued loan program found that employees engaged in misconduct tied to income verification and requirements, among other things.

Dan Gilbert has been back in the office and could soon be making his first public appearance since suffering a stroke last May, Quicken Loans CEO Jay Farner said.

The developer of three adjacent lots said one of the reasons for the sale was her time was up with her mortgage holders.

The city of Detroit is expanding property tax exemptions for homeowners to help more residents avoid foreclosure, officials announced Wednesday.

High employment, low interest rates and technology helped two Metro Detroit mortgage giants post record years in 2019.

Tom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year. An ongoing audit of the program and pressure to diversify beyond mortgages are reasons to watch Lopp and Sterling in 2020.

The mayor of Taylor, Mich., was indicted by a federal grand jury on allegations of bribery related to the sale of tax-foreclosed properties

The company will hold off on making loans under the Advantage Loan program as it conducts an audit and implements new policies and procedures.

Detroit and Wayne County officials want to wipe away portions of property tax debt for thousands of poor homeowners as part of a new proposal.

If the bonds are approved in March, the junk-rated city plans to issue $250 million of new money, unlimited tax general obligation bonds in 2020.

Those looking to purchase a home for the first time would be wise to consider Grand Rapids, Mich.

The number of property foreclosures in Monroe County, Michigan, continues to decline, continuing a trend for the past decade, county Treasurer Kay Sisung said.

While April saw an increase in condominium sales, May saw an increase in sales of family homes in Ann Arbor, Mich.

Michigan has an estimated 239,000 manufactured homes, which comprises about 5% of the state's housing stock, according to the U.S. Census Bureau.

Dan Gilbert, the billionaire founder of mortgage giant Quicken Loans Inc. and owner of the NBA's Cleveland Cavaliers, is "awake, responsive and resting comfortably," a day after suffering a stroke.

Dan Gilbert, the founder and chairman of Quicken Loans, was hospitalized on Sunday after suffering stroke-like symptoms, according to the Detroit News.

While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed.