GreenPath Financial Wellness is looking to sell off its large Farmington Hills headquarters building.
The nonprofit national credit counseling agency is seeking about $28.1 million for the 125,200-square-foot property at 36500 Corporate Dr. south of 12 Mile Road between Halsted and Drake roads.
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Donald Foss, who founded one of the nation's largest subprime auto lenders, died Sunday of complications of cancer, according to a news release.Foss founded Southfield-based Credit Acceptance Corp. (NASDAQ: CACC) in 1972 having started a car dealership in Detroit five years earlier, according to a…
Eisman s biggest short is Southfield subprime lender Credit Acceptance
Shahien Nasiripour Credit Acceptance Corp. has its headquarters in Southfield
Steve Eisman, the Neuberger Berman Group portfolio manager made famous by successfully wagering against subprime loans a decade ago, said his biggest short now is auto lender Credit Acceptance Corp. because he expects the company to face a crackdown from regulators. This is not a short thinking that the company is going to suffer credit losses, Eisman said Friday on Bloomberg Television. It has nothing to do with it. This is a pure regulatory story.
Shares of Southfield-based Credit Acceptance (NASDAQ: CACC) tumbled in the wake of Bloomberg s reporting, dropping nearly 6 percent to $325.10 on Friday.