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Gilbert has stroke in hospital; Emerson replaces him at Mackinac business conference

The condition of Dan Gilbert remained unchanged as he recovers from stroke-like symptoms that led over the weekend to his hospitalization at Beaumont Hospital in Royal Oak. (Photo: Max Ortiz, The Detroit News)

Quicken Loans Chairman Dan Gilbert had a stroke in the hospital Sunday and had an emergency procedure, company CEO Jay Farner said Monday.

Gilbert, the billionaire online mortgage lender and Detroit real estate developer, suffered a stroke" Sunday and had a "catheter-based procedure" at Beaumont Hospital and was put in the Intensive Care Unit, Farner said in a statement.

The statement indicates Gilbert's health condition is more serious than initially indicated.