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As many of 300 more Detroiters can apply for the next round of a down payment assistance program providing up to $25,000 to help purchase a home.
The pain of 7% mortgage rates has done little this summer to slow rising home sale prices in metro Detroit. The median sale price hit $285,000 in June for metro Detroit houses and condos, up 5.6% ...
There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. ... The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next ...
Rock Financial was founded as a mortgage broker in 1985 by Dan Gilbert, Ron Berman, Lindsay Gross, and Gary Gilbert. [8] [9] [10] The company became a mortgage lender in 1988, and in May 1998 became publicly traded, launching an IPO. [11] In the late 1990s, the company shifted from a traditional mortgage provider to an online-focused lender.
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Banks acquire mortgages by simply purchasing them from mortgage bankers or dealers. In addition, dealer service companies, which were originally used to obtain car loans for permanent lenders such as commercial banks, wanted to broaden their activity beyond their local area.