Michigan

The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.

Quicken Loans parent company Rock Holdings is strengthening its investments in the Canadian market by acquiring a majority stake in Lendesk, a Vancouver-based mortgage fintech.

This spring is shaping up to be another sellers' market in metro Detroit housing as would-be buyers continue to scramble over the slim number of for-sale houses, especially those with entry-level prices below $325,000.

A $54-million project to build upscale condominiums at the edge of downtown Detroit has been canceled, unable to get financing, and the Plan B is to put a hotel there.

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.

Over the last 20 years, at least 145,000 Detroit properties have been put up for sale in the annual Wayne County Tax Auction, and, of that number, an estimated 50,000 properties were occupied at the time of foreclosure.

The extended boom in residential real estate sales in metro Detroit may be peaking if newly released September sales numbers are any indication, though experts say it remains a seller's market.

Nearly half of July's millennial homebuyers were single, a sign that they are not waiting for certain milestones like marriage before deciding to become homeowners, according to Ellie Mae.

The Michigan company had been operating under the supervisory agreement since 2010.

Home sale prices continue to shoot up across metro Detroit, delighting many sellers but causing nightmares for the would-be buyers who keep getting outbid for the few properties on the market.

Level One Bank in Farmington, Mich., has hired a team of mortgage bankers from MB Financial, which previously announced it was shutting down this business line.

With inventory down and the number of buyers on the rise, the West Michigan housing market continues to remain red hot heading into the middle of the summer.

Neighborhoods — specifically those closer to downtown, like southwest Detroit — have seen increased interest from buyers in recent years. And with the interest comes increased property values and sale prices.

From the latest developments in digital mortgages to information about agency technology implementation, here's a look at eight things we learned at the 2018 MBA Tech conference.

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes.

The City of Detroit released new details Monday of an ambitious plan to establish a $250 million affordable housing fund that will preserve 10,000 existing units in neighborhoods throughout the city and develop 2,000 new units within the next five years.

Detroit's residential property values have risen for the first time in at least 17 years, with nearly 60% of residents seeing their 2018 assessments increase.

Rising rents across the country suggest the homebuyer pool could get even bigger at a time when demand in the housing market is already far outpacing supply. Here's a look at 12 cities where that trend is strongest.

Billionaire Dan Gilbert's Quicken Loans Inc. outgrew almost every U.S. mortgage provider by unfurling technology like its online Rocket Mortgage platform faster than big banks.

Michigan residents are being urged to take advantage of a federally-funded state program designed to prevent foreclosures, while the money is still available.