Last night, in the middle of ads for opioid-induced constipation and prescription drugs to relieve diarrhea, Quicken Loans dropped an ad bomb that magically transported viewers — however briefly — back to the mortgage-fueled glory days of 2004, when every part-time wedding photographer owned three houses and had credit cards with six-figure spending limits. [More]
If you thought that we were done with lawsuits related to the mortgage meltdown, think again. The U.S. Dept. of Justice is suing Quicken Loans, alleging that the lender improperly underwrote hundreds of FHA-insured home loans before and during the housing market crash, resulting in substantial losses for the federal government. [More]
For those of us who don’t happen to be the heir to an oil fortune or a company executive with a paycheck showcasing a bunch of zeroes, becoming a billionaire is something that could only happen in our wildest, probably lottery-related dreams. Unless you’ve got crazy good March Madness skills, that is. [More]
The Federal Housing Administration insures mortgages, which makes it easier and more affordable for people to buy homes. That’s good. Quicken Loans happens to be an FHA lender, which is also good. What’s kind of confusing, though, is how the web page where you start your FHA loan application explicitly exempts FHA loans. Sort of.
It’s annoying enough that Quicken Loans sent an unwanted refinancing offer to reader John. We all get unwanted junk mail: what’s the big deal about that? The strange thing is that Quicken sent that letter to John Deddy, a person who does not, strictly speaking, exist. [More]