PNC Bank invests $7.5 million in Detroit housing fund
Fund aims to close financing gaps for residential developers
$75 million fund has raised $48 million so far
CoStar Group Inc.
PNC Bank s regional headquarters is in Troy.
PNC Bank has become the latest lender to take part in the public-private Detroit Housing for the Future Fund.
In a joint news release Wednesday, the city and PNC Bank, which has its regional headquarters in Troy, announced that the lender has made an investment of $7.5 million toward the fund, which seeks to preserve affordable housing in the city of Detroit.
Pittsburgh-based PNC had about $463 billion in total assets as of the end of last year, according to a regulatory filing, and has about 2,200 locations in 10 states, including about 200 in Michigan.
New Woman-Owned Consultancy Aims to be Mortgage Industry’s Trusted Advisor
“Unprepared is Unacceptable.” - New Consultancy, Consigliera, Founded to Assist Mortgage Servicing Industry Through New Era of Regulatory Scrutiny, Focusing on Readiness, Innovative Solutions and Meaningful Connection with the Default Consumer. Detroit, MI, May 11, 2021 (PR.com) Courtney Thompson launches new consultancy, Consigliera, to be the default industry’s trusted advisor in both regulatory readiness and digital transformation at a time the default consumer needs it the most. “It is not enough to just follow the letter of the law,” says Thompson, “to really help the consumer we must be masters of our data, our processes, and make the effort to focus on better ways to connect in this digital age.”
Sales Jobs; Retention, Purchase, Servicing, Reverse Products; Webinars and Training; Interview With Economist Elliot Eisenberg May 10 2021, 7:58AM
Here at the MBAG event in Northern Florida some of the topics of conversation is the economy, the inability to predict interest rates, families, and lending. It has been reported that 25 to 34-year old’s spend more on mothers than any other age group for Mother’s Day, which hopefully is not a mea culpa that they should have called more during the course of the year. For the millions of Americans that celebrated Mom yesterday, the hope was probably that they could put a smile on her face after all the ones she had put on theirs over the years. For us parents, there’s no better feeling than seeing excitement on the face(s) of our children. While the frequency of that may wane after they grow up and finally leave the house, my son Robbie told me he is more excited about today’s podcast interview with econ
Reverse, MLO, Ops Jobs; Pricing, Best-ex, QC Products; Compliance and Risk Notes and Information May 6 2021, 8:12AM
While the market is digesting the implications Rocket’s earnings (the shares are down in pre-market trading), remember when, in March 2020, it was as if someone flipped a switch and suddenly everyone was working from home. Now, however, owners and managers of lenders and vendors across the nation are debating allowing employees to continue working from home, requesting everyone come back into the office, or some type of hybrid. Goldman Sachs, for one, has told U.S. employees to return to the office by mid-June and U.K. workers to return shortly thereafter. We know from experience that our culture of collaboration, innovation and apprenticeship thrives when our people come together, according to an internal memo. Google expects 20 percent back in the office, with 60 percent in a hybrid model. Meanwhile, a segment of workers are embracing
Why the Grand Rapids Chamber is sitting on the sidelines in LGBTQ civil rights fight in Lansing
Fair and Equal Michigan via Facebook
In October, the Fair and Equal Michigan ballot campaign submitted more than 483,000 signatures to the Secretary of State s office for an initiative to prohibit discrimination against LGBTQ people in Michigan by amending the state s 45-year-old civil rights law.
The citizens initiative seeking to make it illegal to fire or deny someone housing because they re gay or transgender gained support last week from a half-dozen local chambers of commerce across Michigan.
Business and economic development groups in Flint, Jackson, Lansing, Midland, Saginaw and Traverse City joined the Detroit Regional Chamber, the Ypsilanti Regional Chamber and Southwest Michigan First in backing Fair and Equal Michigan, an initiative petition to amend the state s civil rights law that may arrive at the Michigan Legislature s doorstep later this year.