Michigan

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.

Here's a look at the 11 housing markets where the share of entry-level homes for sale is greater than the share of first time home buyer shoppers.

Memories of the historic Hudson's store will mingle with hopes for the future Friday as Detroit breaks ground on what promises to be the city's tallest skyscraper.

The Michigan company, which lost more than $1.4 billion in the aftermath of the financial crisis, is trying to become more of a commercial lender. Its recent agreement to buy a deposit-rich franchise in California could help it get there.

The treasurers from Hillsdale, Branch, Jackson and Lenawee counties assembled at the Jackson County Commission Chambers recently in an effort to stem the tide of foreclosures in south central Michigan.

Aside from shutting off water to Detroit residents, no public policy draws so much criticism as the annual Wayne County auction of tax-foreclosed properties.

Nearly 1.4 million residential properties were vacant as of the end of the third quarter, representing 1.58% of all U.S. residential properties, according to Attom Data Solutions.

The Michigan company's third-quarter results were down slightly from a year earlier despite increased commercial lending and a wider net interest margin.

Lenders could be responsible for water quality issues affecting borrowers and properties if the Federal Housing Administration follows through with its response to an inspector general's report.

U.S. home prices reached a new record high in June, with values increasing 5.5% since the beginning of the year, according to Black Knight Financial Services.

Closed for nearly 30 years, the massive Michigan Central Station in Detroit is widely known for its ornate architecture and haunting emptiness and decay, but so far has missed out on the surge in redevelopment happening in the city.