National Collaborative Announces $80 Million Investment in Five Cities

Living Cities, a collaborative of 22 of the world’s largest foundations and financial institutions, announced today that it will invest $80 million in five U.S. metropolitan areas to create innovations that address intractable problems affecting […]


MVCA Awards Grants, Loans

The Michigan Venture Capital Association will award up to $50,000 in grants and loans to both Huron River Ventures and Michigan Accelerator Fund I, winners of the Michigan Economic Development Corp.’s Accelerator Fund program.  The […]


The Feldman Report PM 09/30

WWJ and FOX 2 News Detroit’s Murray Feldman reports on taking loans against their 401k retirement account and additonal retirement accounts that many companies offer.


Chrysler Financial May Start Lending Again

Chrysler Financial may soon offer auto loans again.


Bank With Branches In Michigan Shutdown

Regulators have shut down a community bank based in Chicago which has branches in Detroit. In addition, four California banks and banks in Florida and Virginia were closed boosting to 118 the number of U.S. […]


Report: 401k Withdrawals, Loans Up

In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.


Mortgage Rates Hit Another Record Low Of 4.49%

Mortgage rates dropped to the lowest level in decades for the sixth time in seven weeks, offering the most attractive opportunity for those who qualify to refinance or purchase a home.


Trinity Health Gives Nonprofit Finance Fund $1 Million

Novi-based Trinity Health has donated $1 million to the Nonprofit Finance Fund. NFF will use this investment to provide loans to nonprofit organizations in southeast Michigan, the home of seven of Trinity’s 47 hospitals. The […]