Tag Archives: Quicken Loans

Business, Finance, Occupation & Industry

HGTV Smart Home? 2013 Giveaway Now Open for Entries

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By Business Wirevia The Motley Fool

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HGTV Smart Home℠ 2013 Giveaway Now Open for Entries

The custom-built, eco-friendly home in Jacksonville Beach, Fla. is waiting for its new homeowner

NEW YORK–(BUSINESS WIRE)– The first HGTV Smart Home is move-in ready and viewers can now enter for a grand prize package that includes the fully furnished home, a 2013 GMC® Terrain® Denali® and $100,000, courtesy of Quicken Loans. The grand prize package is valued at more than $900,000.

The design of HGTV Smart Home 2013 is inspired by shingle-style vacation homes constructed in Atlantic, Neptune and Jacksonville Beach communities during the early 1900s. HGTV, HGTV Smart Home, and HGTV Smart Home Giveaway are trademarks of Scripps Networks, LLC. Used with permission; all rights reserved. Photo(c) 2013 Scripps Networks, LLC.

This press release has an accompanying Smart Marketing Page providing further details about the organization, products and services introduced below. You can access the Smart Marketing Page via the following link: http://smp.businesswire.com/pages/hgtv-smart-home-2013-giveaway-now-open-entries

During the giveaway period, which runs April 11, 2013 at 9 a.m. through May 31, 2013 at 5 p.m. Eastern time, viewers can enter twice online per day: once at HGTV.com and once at HGTVRemodels.com. HGTV Facebook and Twitter fans can elect to receive ongoing updates and new details. Odds of winning the sweepstakes depend on the number of entries. Official rules can be found at hgtv.com/smarthome.

Nestled in the beach community of Paradise Key South Beach in Jacksonville Beach, Fla., the home boasts the latest developments in home technology and green living. Viewers can check out all the unique home details through a virtual tour at hgtv.com/smarthome.

Viewers can learn more about the home during HGTV‘s one-hour HGTV Smart Home 2013 special April 12 at 7 p.m. ET/PT.

Designed by architect Mike Stauffer, AIA, and constructed by Glenn Layton Homes, the HGTV Smart Home 2013 measures approximately 2,400 square feet and features more than 1,000 square feet of covered porches, decks and pool. Smart home technology connects many of the home’s appliances and devices, and allows occupants to monitor energy use and control home systems such as security, interior climate, lighting and other electronics. The HGTV Smart Home 2013 is built to meet the Consumer Electronics Association’s TechHome Rating specifications for technology infrastructure.

“The features and functionality of this

From: http://www.dailyfinance.com/2013/04/11/hgtv-smart-home-2013-giveaway-now-open-for-entries/

Business, Finance, Occupation & Industry

HGTV Smart Home? 2013 Giveaway Opens for Entries April 11

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By Business Wirevia The Motley Fool

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HGTV Smart Home℠ 2013 Giveaway Opens for Entries April 11

A virtual tour of this custom-built, eco-friendly home in Jacksonville Beach, Fla. available at HGTV.com

NEW YORK–(BUSINESS WIRE)– The first HGTV Smart Home is move-in ready for one lucky, new owner, and viewers can now check out all the unique home details through a virtual tour at hgtv.com/smarthome. Nestled in the beach community of Paradise Key South Beach in Jacksonville Beach, Fla., the home boasts the latest developments in home technology and green living.

The design of HGTV Smart Home 2013 is inspired by shingle-style vacation homes constructed in Atlantic, Neptune and Jacksonville Beach communities during the early 1900s. HGTV, HGTV Smart Home, and HGTV Smart Home Giveaway are trademarks of Scripps Networks, LLC. Used with permission; all rights reserved. Photo(c) 2013 Scripps Networks, LLC.

This press release has an accompanying Smart Marketing Page providing further details about the organization, products and services introduced below. You can access the Smart Marketing Page via the following link: http://smp.businesswire.com/pages/hgtv-smart-home-2013-giveaway-opens-entries-april-11

The HGTV Smart Home 2013 Giveaway will be accepting entries starting this month for a grand prize package that includes the fully furnished home, a 2013 GMC® Terrain® Denali® and $100,000, courtesy of Quicken Loans. The grand prize package is valued at more than $900,000. Odds of winning the sweepstakes depend on the number of entries. Official rules can be found at hgtv.com/smarthome.

HGTV viewers can enter for a chance to win the home beginning April 11, 2013 at 9 a.m. Eastern time through May 31, 2013 at 5 p.m. Eastern time. During the giveaway period, viewers can enter twice online per day: once at HGTV.com and once at HGTVRemodels.com. HGTV Facebook and Twitter fans can elect to receive ongoing updates and new details.

Viewers can learn more about the construction process when Behind the Build: HGTV Smart Home airs on DIY Network April 4 at 9 p.m. ET/PT. HGTV will air a one-hour HGTV Smart Home 2013 special April 12 at 7 p.m. ET/PT.

Designed by architect Mike Stauffer, AIA, and constructed by Glenn Layton Homes, the HGTV Smart Home 2013 measures approximately 2,400 square feet and features more than 1,000 square feet of covered porches, decks and pool. Smart home technology connects many of the home’s appliances and devices, and allows occupants to monitor energy use and control …read more
Source: FULL ARTICLE at DailyFinance

Articles of Interest

Papa Joe’s Will Open Downtown Detroit Location Of Upscale Grocery Store, Dan Gilbert Announces

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By The Huffington Post News Editors

Detroiters can expect many changes to downtown after developer Dan Gilbert explained his vision for a district geared at pedestrians and brimming with retail. But one new business is bound to capture residents’ attention: Papa Joe’s Market.

Gilbert, founder of Quicken Loans and Rock Ventures, is one of several stakeholders involved in downtown’s redevelopment that spoke at City Theatre Thursday. He announced that Papa Joe‘s signed a lease for 15,000 square feet on the west side of the 1200 block of Woodward. The upscale market, which has locations in suburban Rochester Hills and Birmingham, will sell groceries and prepared food, offer delivery and feature a full bar and outdoor seating.

With a Whole Foods slated to open in June and two Meijers on the way, selection is expanding at a rapid clip in a city often maligned for its lack of grocery options.

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Source: FULL ARTICLE at Huffington Post

Business, Finance, Occupation & Industry

Ally Financial's Woeful Performance

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By Amanda Alix, The Motley Fool

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For most financial institutions, the Fed-mandated stress test and Comprehensive Capital Analysis and Review went pretty well, with prior year laggards Citigroup and Bank of America emerging stronger than ever.

But for Ally Financial, the former auto-loan segment of General Motors, things went even further south than last year, when it was able to muster a 2.5% minimum ratio. This year, Ally finished up with a measly 1.5% Tier 1 common ratio — and the same ratio for its post-stress, proposed capital actions metric. These were the lowest scores of any of the 19 financial institutions tested.

Ally: Not our fault
Almost immediately after the results were in, Ally released a statement opining that the Fed’s methodology was faulty, and stating that, among other things, Ally’s capital levels are just fine and dandy. Was the Fed unfair to poor Ally?

Of course, Ally wasn’t the only institution flagged by the Fed. Both JPMorgan Chase and Goldman Sachs were told that their capital plans didn’t meet specifications, and they must resubmit new and improved proposals before the end of the third quarter.

More surprisingly, regional heavyweight BB&T , like Ally, had its plan rejected despite its stellar performance on the stress test. This is likely because of some changes the bank made to its risk-weighted asset calculation, however, and not because of some other, more serious problem.

Government would like to shed the Ally albatross
Ally complained about being ill-used by the stress test last year, so it’s really no surprise that it would do so this year, as well. Of course, going into the test with a Tier 1 common ratio of 7.3%, the lowest of any institution tested, could have something to do with the results. In addition, the Fed was clear about Ally still being considered responsible for liabilities tied to Residential Capital, its bankrupt mortgage loan subsidiary.

Also, like American Express , Ally was allowed to submit a spanking-new capital plan after the Fed gave the original entry an early thumbs-down. American Express emerged triumphant — but even with that boost, Ally failed. The mulligan also made Ally look less than astute, since the original plan would have left them with a slightly higher, albeit still failing, score.

Just as it did with AIG, the government seems keen to sell off its 74% interest in Ally, possibly this year. This probably won’t happen until Ally looks healthier, and sheds more mortgage-related assets, such as the mortgage servicing rights it recently sold to Quicken Loans.

Certainly, then, the government would want to make Ally look better, not worse. It seems, however, that this was not possible, and Ally has only itself to blame.

Will BB&T’s stumble create a buying opportunity? With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or whether finance stocks are a screaming buy today. The answer depends on the company, so to help you figure out whether …read more
Source: FULL ARTICLE at DailyFinance

Articles of Interest

1001 Woodward In Downtown Detroit Is The Latest Building Bought By Dan Gilbert And Rock Ventures

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By The Huffington Post News Editors

Rock Ventures announced Tuesday the company had bought yet another building in Detroit. 1001 Woodward Avenue is just the latest downtown real estate investment for developer Dan Gilbert, founder and chairman of Rock Ventures and Quicken Loans.

The 23-story building is located at Michigan Avenue by Campus Martius Park and has first floor retail space. It’s home to GalaxE.Solutions, Meridian Health Plan, the University of Phoenix and the Southeast Michigan Council of Governments (SEMCOG). According to a release, the tower came 68 percent occupied but space to be used by Quicken Loans will bring that up to 87 percent.

Gilbert sees the building as a potential home for tech companies.

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Source: FULL ARTICLE at Huffington Post

Articles of Interest

Dan Gilbert And Quicken Loans Invest In Detroit Real Estate, Bet On Downtown Urban Center

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By The Huffington Post News Editors

By Nick Carey
DETROIT, Feb 19 (Reuters) – Dan Gilbert has a vision for downtown Detroit that many would find hard to square with the long, painful decline commonly associated with this city: a vibrant urban core full of creative, innovative and talented young people.
Yet Quicken Loans, the mortgage lender Gilbert co-founded in 1985, has invested $1 billion over three years, bought some 2.6 million square feet of commercial space in the downtown area and moved 7,000 employees there in a bid to make that vision a reality.
The company is in talks with 80 to 100 retail outlets and restaurants to open downtown space, and Gilbert and other business leaders have fronted most of the money for a $140 million light rail line in the heart of the city. Quicken has also invested in an incubator for technology startups, which now number 17.
Gilbert, who grew up in a Detroit suburb, wants to brake the exodus of educated young people from the only state in the country that lost population between 2000 and 2010. Among those who set up home elsewhere in recent years are two founders of daily deal marketer Groupon Inc, University of Michigan graduates from the Detroit area whose startup took root in Chicago.
“Young people are fleeing the state and we need to give them a reason to be here,” Gilbert, 51, said in a recent interview in the Madison Theatre, one of many buildings his firm has bought.
Part of his zeal comes from his own need to attract top talent to Quicken Loans, which runs a nationwide online lending business that Gilbert says makes it “a tech company that happens to sell mortgages.” Having avoided the subprime mortgages that crippled many of its competitors in the housing crash, the company has grown rapidly in recent years.
Quicken Loans moved downtown from the suburbs in 2010. Home loan volume went from $30 billion in 2011 to $70 billion in 2012; Gilbert sees it rising to $100 billion this year. He anticipates Quicken will surpass JP Morgan Chase as the country’s No. …read more
Source: FULL ARTICLE at Huffington Post

News, Politics, Government

The Top Companies To Work For In America

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By Susan Adams, Forbes Staff A survey just released by WorkplaceDynamics, which specializes in polling employees, ranks the 150 firms it says are the “top” companies to work for in the U.S. Number one on the list: Quicken Loans, followed by The Container Store and Anadarko Petroleum. Fourth on the list: a car dealership called Park Place in Dallas, Texas.
Source: FULL ARTICLE at Forbes Latest