JC Reindl Detroit Free Press Published 2:01 p.m. UTC Jun 1, 2018 Quicken Loans recently overtook embattled Wells Fargo to become the leading direct-to-consumer mortgage lender in the nation. It is the first time a Detroit-based firm has ever held that title. Yet being No. 1 in mortgages is a lot different than being tops in other industries, such as automotive. In the highly fragmented mortgage sector, where prospective borrowers can visit some 30,000 bank branches and credit unions across the country for a home loan, Quicken commands a market share of just 5.4 percent. "Every time we start to get a big head, I remind our people, 'You know that 19 out of 20 people who wake up this morning and get a home loan aren't coming here?' " Dan Gilbert, 56, Quicken's founder and chairman, said in a one-on-one interview in the firm's bright downtown headquarters with windows facing the … [Read more...] about How Dan Gilbert has made Quicken Loans thrive in mortgage industry
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Aaron Stallings, who used to work as a bill collector for Capital One, says he’s no longer interested in having a full-time job.Instead, for the past year, he has cobbled together work — 50, sometimes 60 hours a week — by parachuting into restaurants in Richmond that have last-minute openings to prep food, bus tables and bottle beer. There are obvious downsides, like the lack of health insurance and the trouble of not having an employer withhold money for taxes. But he says the arrangement reflects a new reality in which flexibility trumps stability. Plus, he says, he is often treated better than full-time employees.“It’s definitely stressful to show up and have your first day almost every time,” Stallings, 25, said, “but at least I don’t feel miserable and stuck on the job.”The gig economy is clocking in to retailers and restaurants.The unemployment rate is at a 17-year low, but stagnant wages, chronic underemployment and growing … [Read more...] about Now hiring for one day: The gig economy hits retail
Blogger Kim Dong-won, who writes under the alias “Druking,” is on trial in South Korea for the offense of “manipulating online opinion” against President Moon Jae-in and “obstructing business” by tinkering with a commercial website. The charges against Kim involve manufacturing a few hundred phony “likes” for comments on a news site called Naver, which might seem like a trivial offense, but the case has blossomed into a scandal that might even involve the South Korean presidency.Korea Joongang Daily lays out the charges against Kim and his situation in Seoul Central District Court: According to police, on the night of Jan. 17 and into the next day, Kim and his accomplices used a program to increase the number of likes on comments critical of President Moon’s decision to field a joint hockey team with North Korea during the Pyeongchang Winter Olympics. The act was allegedly done as retaliation for the Moon administration denying a … [Read more...] about South Korean Blogger Charged with ‘Manipulating Online Opinion’ Against President
A trial date for the suspect in the slaying of a Whitwell, Tenn., pawn shop owner has been set for August, almost two years after the body of 72-year-old Jerry Ridge was found inside his business after a fire. Angela Denise Kilgore, 51 when charged in 2016, is slated to face a Marion County jury on Aug. 27 in Ridge's death at his shop, Valley Pawn Brokers, 12th Judicial District Attorney Mike Taylor said. Angela Denise Kilgore, 51, of Whitwell, is charged in connection with the death of pawn shop owner 72-year-old Jerry Don Ridge, according to TBI officials. Ridge’s body was found May 17 after firefighters extinguished the fire at Valley Pawn Brokers on State Route 28 in the small Marion County town. Angela Denise Kilgore, 51, of Whitwell, is charged... Photo by Contributed Photo /Times Free Press. Kilgore was charged in October 2016 grand jury indictments with first-degree murder, felony murder, especially aggravated robbery, employing a firearm during the commission … [Read more...] about Trial set for woman charged in 2016 Whitwell, Tenn., pawn shop slaying, fire
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