News

UWM mortgage loan volume, margins jump despite challenging year United Wholesale Mortgage returned to the black in 2024, seeing growth in loan volume and profitability, and buoyed largely by a boom in refinance activity.  The Pontiac-based mortgage lending giant’s parent company, UWM Holdings Corp. (NYSE: UWMC), released its full-year 2024 and fourth-quarter 2024 earnings Wednesday…

Sun Communities sells marina and yacht servicing business for $5.65B Southfield-based Sun Communities Inc. is selling off its marina and yacht-servicing business for $5.65 billion to a unit of Blackstone Inc. Affiliates of Blackstone Infrastructure are buying Safe Harbor Marinas from Sun Communities in an all-cash transaction, according to a statement.  The price, which is…

Law firm becomes second Hudson’s Detroit office tenant Hudson’s Detroit has its second known office tenant. Detroit-based Ven Johnson Law PLC announced Friday that it is leasing almost 22,000 square feet of the fifth floor in Dan Gilbert’s signature development at Woodward and East Grand River avenues, opening its new office there late this year. …

Mortgage execs bullish on Trump policy agenda, housing market signs From President Donald Trump to the housing market, metro Detroit mortgage executives are bullish on the macro economy as 2025 kicks into high gear.  Both of the region’s two big mortgage lenders — United Wholesale Mortgage (NYSE: UWMC) and Rocket Companies Inc. (NYSE: RKT)) — among the largest…