Items Tagged with 'Detroit, Michigan'

ARTICLES

  • Homebuilder M/I Homes buying Detroit builder Pinnacle Homes

    M/I Homes expanding into Detroit
    M/I Homes, a homebuilder with operations in Ohio, Indiana, Illinois, Minnesota, Florida, Texas, North Carolina, Virginia, and Maryland, is expanding into Michigan by acquiring Pinnacle Homes, a Detroit-based homebuilder. According to information provided by the companies, Pinnacle currently controls more than 1,000 home sites and delivered 214 homes in 2017 in the Detroit area.
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  • Detroit Pistons pick Flagstar Bank to be first jersey ad sponsor

    Flagstar also becomes official banking and mortgage sponsor of the Pistons
    For the first time in its history, the NBA is allowing teams to place a sponsor’s logo on their jerseys. So far, a third of the league’s 30 teams have inked sponsorship deals and will have a sponsor’s logo on their jerseys, including the Boston Celtics (General Electric) and the Cleveland Cavaliers (Goodyear). On Wednesday, the Detroit Pistons became the 10th team with a jersey sponsorship, and their sponsor is one of the biggest names in the mortgage business – Flagstar Bank.
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  • Michigan plans $75M more fed funds to fight blight in Detroit, Flint

    Plan to utilize increased Hardest Hit Fund allocation approved
    The office of Michigan Gov. Rick Snyder announced the Treasury Department's approval of the Michigan State Housing Development Authority’s plan to utilize the $74.5 million allocated to the state as part of an expansion of the Hardest Hit Fund program, paving the way for increased foreclosure prevention and blight elimination efforts in the cities of Detroit and Flint.
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  • Michigan credit union ex-CFO shockingly confesses to embezzling $20 million

    Walked right into sheriff’s office and spilled his guts

    In a development seemingly out of nowhere, the former chief financial officer of a Michigan credit union and a man described as a “community hero,” walked into the Oakland County Sheriff's Office last week and confessed to embezzling $20 million from the credit union over the last 12 years.


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  • To Go: Title company closes mortgages on wheels

    Mobile closings come to you
    A Detroit-area title company is offering what its president says is the area’s first mobile closing vehicle, which brings the closing process to the client instead of the other way around. While mobile mortgage closings are nothing new, this is pretty inventive.
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  • Will unprecedented mortgage lending finally save Detroit?

    Bank of America, NACA partner to offer zero-down, below market rate mortgages
    A newly created program, called the “Detroit Neighborhood Initiative,” is based on a partnership between the city of Detroit, the Neighborhood Assistance Corporation of America, the Opportunity Resource Fund and Bank of America, and the program goes to unprecedented lengths to help restore the city to its former glory.
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  • HUD returns control of Detroit Housing Commission

    DHC was in federal receivership for nearly 10 years
    Citing "consistent accountability and progress," the U.S. Department of Housing and Urban Development is finally handing control of the Detroit Housing Commission back to local authorities, after nearly 10 years of federal control.
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  • Michigan to get $75 million more to fight blight

    $47.4 million earmarked for Detroit
    The fight against residential blight isn't over in Michigan. The state is about to get an injection of federal funding to continue its efforts to clean up the neighborhoods that were the hardest hit by the economic downturn.
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  • Fannie Mae partners with Detroit to demolish foreclosed homes

    GSE will sell vacant properties to Detroit Land Bank
    In what the parties are calling an “initial transaction,” Fannie announced that it will sell 44 foreclosed properties to the Detroit Land Bank Authority “for a nominal fee,” and contribute funds for the demolition of some of the properties.
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