Freddie Mac Gives Okay To First Michigan Bank]First Michigan Bank[/link], based in Troy, Mich., has regained Freddie Mac's approval to sell and service mortgages in the Port Huron community and throughout its state. Previous approval by the government-sponsored enterprise had been terminated for the bank's predecessor, the former Citizens First Bank, on April 16. On April 30, First Michigan Bank acquired the assets and deposits of Citizens First. ‘We want the community to know we are ready to help them take advantage of today's historically low mortgage rates,’ says Patrick Ervin, executive managing director of mortgage operations for First Michigan Bank. ‘The ability for First Michigan to work with Freddie once again allows us to offer mortgages and refinances with servicing and support provided by our local team.’ Source: First Michigan Ban


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