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Detroit is often called the comeback city by politicians and boosters. The central business district is recovering. But many of the neighborhoods are…
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The number of Michigan homeowners 'seriously' underwater on their mortgages ticked up slightly in the last few months.To be ‘seriously' underwater on a…
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Fewer and fewer Michigan homeowners are seriously underwater on their mortgages. Realty Trac reports 10% of Michigan homeowners owe at least 25% more on…
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A new report says a quarter of Michigan homeowners are underwater on their mortgages – and that’s a big improvement.Back in 2012, roughly half of Michigan…
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Realty Trac reports nearly a third of Michigan homeowners owe 25 percent or more on their mortgages than their homes are actually worth. In December, 31%…
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Critics say proposed legislation in Congress could hurt many home buyers in Michigan and the nation.The bills would allow exceptions to new limits on bank…
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Michigan homeowners continue to struggle with underwater mortgages.Realty Trac reports today that 38% of Michigan homeowners owe at least 25% more on…
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Predatory lending lawsuit against Morgan Stanley moves forward, the suit involves Detroit homeownersA federal judge ruled this week that a lawsuit accusing investment banking giant Morgan Stanley of predatory lending in Detroit can move forward.The…
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Michigan Attorney General Bill Schuette announced today he' s filing a criminal charge against Lorraine Brown.Brown is the former president of a mortgage…
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Michigan Supreme Court Justice Diane Hathaway is being investigated by the FBI for possible mortgage fraud, The Detroit News and Free Press report.They…