Duggan said that national data shows in 2012 only 500 mortgages were issued in the city of Detroit.
Is the Obama administration failing the housing market? Maybe.
A 32-year-old Canton man is being held on a $3 million bond after being charged for his alleged involvement in an elaborate real estate fraud scheme.
Oakland County could gain millions of dollars now that a federal judge has ruled that Fannie Mae and Freddie Mac withheld real estate transfer taxes on foreclosures.
Rates on 30-year mortgages climbed for the second straight week, but remain near the lowest level in decades.
Mortgage rates sank to the lowest level in decades this week, pushed down by the weak economy and the Federal Reserve’s move to help lift the recovery by purchasing government debt.