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2010-11-15 08:34:00

DETROIT, Nov. 15, 2010 /PRNewswire/ -- Quicken Loans Inc., the nation's largest online lender and top-five retail mortgage lender, and Quizzle LLC, a free online tool that helps consumers better manage their home, money and credit, today announced they ranked #1 in the Detroit Free Press' Top Workplaces in Michigan 2010 list. Quicken Loans' sister companies Fathead LLC, the leading brand in sports and entertainment graphic products; One Reverse Mortgage LLC, the nation's third largest...

2010-11-09 08:00:00

TORONTO, Nov. 9, 2010 /PRNewswire/ -- RouteOne Canada announced today that leading financial services provider BMO Bank of Montreal will integrate with RouteOne Canada's online credit application management system. BMO Bank of Montreal is an operating group of BMO Financial Group which provides a broad range of retail banking, wealth management and investment banking products and solutions to more than 10 million personal, commercial, corporate and institutional customers in North America...

2010-11-08 05:00:00

DALLAS, Nov. 8, 2010 /PRNewswire/ -- Mortgage lenders are ranked based both on how many new loans they originate and how many loans they service. By those measures, the biggest originator of home loans is based on the West Coast, while the biggest mortgage servicer is based on the East Coast, according to the Third Quarter 2010 Mortgage Lender Ranking from Mortgage Daily. Mortgage originations represent transactions where the purchase of a home is financed or an existing mortgage is...

2010-11-08 06:00:00

AUBURN HILLS, Mich., Nov. 8, 2010 /PRNewswire/ -- Net Revenues in Q3 2010 increased to $11.0 billion, up 5.2 percent from $10.5 billion in Q2 2010 Operating Profit(a) came in at $239 million, an improvement of $56 million versus Q2 2010 Modified EBITDA(a,b) was $937 million (8.5 percent of Net Revenues), an $82 million increase from Q2 2010 Net Loss reduced to $84 million in Q3 2010 from $172 million in Q2 2010 Cash(c) at September 30, 2010 increased to $8.3 billion, bringing total...

2010-11-03 06:30:00

COLUMBUS, Ohio, Nov. 3, 2010 /PRNewswire-FirstCall/ -- Huntington (Nasdaq: HBAN; www.huntington.com) has announced that it is significantly expanding its successful auto dealer financing business into five New England states. In addition to currently offering financing to auto dealers in six states in the Midwest, Huntington will now offer these services in Massachusetts, Rhode Island, Vermont, New Hampshire, and Maine. (Photo: http://photos.prnewswire.com/prnh/20101103/CL93900 )...

2010-11-02 13:26:00

WASHINGTON, Nov. 2 , 2010 /PRNewswire-USNewswire/ -- With new model year vehicles arriving in dealer showrooms across the country, consumers who are considering their next purchase or lease should polish up on vehicle financing, says Americans Well-informed on Auto Retailing Economics (AWARE). "While affordability, performance and fuel economy are all important considerations in the car buying process, so is vehicle financing," said AWARE spokesman Eric Hoffman. "With competitive...

2010-10-28 12:27:00

DETROIT, Oct. 28 /PRNewswire/ -- General Motors Company today announced a series of actions to further reduce financial leverage. "These actions will bring down our leverage by $11 billion by reducing debt and improving our pension funding position," said Chris Liddell, GM vice chairman and chief financial officer. GM has implemented the following capital structure actions: Repayment of $2.8 billion outstanding on the 9 percent secured note provided to the UAW Retiree Medical Benefits...

2010-10-14 08:30:00

SCOTTSDALE, Ariz., Oct. 14 /PRNewswire/ -- Quicken Loans Inc., the nation's largest online retail mortgage lender and fifth largest retail lender overall, and Fathead LLC, the leading brand in sports and entertainment graphic products, today announced they will serve as the official sponsors of Scottsdale's Walk to Defeat ALS, the ALS Association's annual fundraising event on Sunday, October 24, 2010. This will be the second year Quicken Loans and Fathead have participated in the event....

2010-10-06 08:00:00

FARMINGTON HILLS, Mich., Oct. 6 /PRNewswire/ -- RouteOne LLC announced today that it has completed integration with Texas-based Exeter Finance Corp., a specialty auto finance company that provides financing services to select franchised auto dealers throughout the United States. Exeter dealers may now send their credit applications electronically through the RouteOne platform, as well as access credit bureaus, verify contract statuses and manage the entire scope of their credit application...

2010-10-01 10:32:00

MINNEAPOLIS, Oct. 1 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that its mortgage subsidiary, Residential Capital, LLC (ResCap), has completed the sales of its European mortgage assets and operations to affiliates of certain funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG). "The completion of these sales is another milestone toward our objective of reducing exposure in the legacy mortgage operation," said Ally Chief Executive Officer Michael A....


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.