Rocket Mortgage, a part of Detroit-headquartered Rocket Companies (NYSE: RKT), and Annaly Capital Management Inc. (NYSE: NLY), the world’s largest residential mortgage real estate investment trust, have entered into a subservicing agreement where Rocket will handle...
The federal government knowingly withheld informing the tenants in one of its Detroit office buildings contained contaminated water that put their health at risk. The Washington Times reported the General Services Administration (GSA) first tested and confirmed the...
A YouTube star’s homebuilding project, a new mansion tax proposal and Detroit leads the nation for the wrong reason. From the wild and wooly world of real estate, here are our Hits and Misses for the real estate week of July 1-5. Hit: MrBeast to the Rescue. The...
Detroit has elbowed out Atlanta to become the most overpriced U.S. housing market, according to new the new Top 100 U.S. Housing Markets report from Florida Atlantic University and Florida International University. According to data covering May housing trends, homes...
A typical Black household can only afford a starter home in 10 of the nation’s 50 most populous metros, according to a new report from Redfin (NASDAQ:RDFN). In comparison, the typical White household can afford a starter home in 32 of the 50 metros. For its report,...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
