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The new tax abatement would come in addition to previously approved abatements and incentives that totaled $192 million through 2052.

United Wholesale Mortgage has agreed to pay up to $2.75 million to settle claims that it failed to pay account executives overtime.  The company last week distributed notices about the settlement, which applies to current or former account executives who worked at UWM between Oct. 12, 2018, and Dec. 23, 2021. The settlement is not an admission of guilt. UWM declined to comment on the settlement, but it shared the notice sent to employees.

Dan Gilbert's Detroit-based real estate company now says the development, which has been hampered by redesigns and construction setbacks, is expected to cost $991 million, about a 9 percent increase from the most recent publicly revealed price tag of $909 million.

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two ...

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders. On The Mortga...