- Report: #238844
Complaint Review: Quicken Loans - Livionia Michigan
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Author Confirmed
Why?
Quicken Loans
20555 Victor Parkway Livionia, Michigan, U.S.A.
Phone:
800-226-6308
Web:
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Quicken Loans Quicken sales loans to COUNTRYWIDE, Layoffs soon to follow QL Livionia Michigan
Countrywide may feel subprime earnings drag
Shares of largest U.S. mortgage lender fall as it says it has some exposure to the troubled U.S. subprime mortgage market.
Countrywide said it was tightening its underwriting standards, adding that nonprime loans were only 7 percent of its funding volume in February.
The move comes amid surging defaults in mortgages made to borrowers with weak credit or inadequate documentation, as underwriting standards industry wide have proven too weak.
Countrywide told its brokers Friday to stop offering borrowers the option of taking out a mortgage without a down payment, according to a document obtained by Reuters. Other lenders have made similar changes.
Generally, the bulk of subprime delinquencies are coming from loans made last year that are as little as one month old, making 2006 perhaps the worst ever in terms of mortgage credit quality, according to analysts at UBS Securities.
How much longer can their scam go on? You can't keep forcing your phone refi monkeys to keep putting these people in your SMART CHOICE, SECURE ADVANTAGE LOANS ETC. THESE ARE NOT SAFE LOANS FOR MOST OF THE PUBLIC AND COUNTRYWIDE IS SOON FINDING THAT OUT. I'd like to hear from some of the folks at COUNTRYWIDE about how they feel about the company that sales it products?
Will COUNTRYWIDE be happy with the way Quicken bankers are forced to sale the WRONG loans for people who shouldn't have them. How would the STATE ATTY GENERAL FEEL IF HE/SHE looked at this website? Hmmm. That old ISM "Do the right thing" is looking more like - do the wrong thing.
Go back to sleeping with one eye open knowing that the 462 people you OWE who made you BILLIONS of bucks is out there in need of their BACK PAY FROM WORKING OVERTIME without pay - DAN GILBERT says "Keep hiring the masses, and keep kicking them a****, replace the worn out ones with new masses" THE AMERIQUEST BUSINESS PLAN TO GETTING RICH IN AMERICA.
Brian
Walled Lake, Michigan
U.S.A.
Shares of largest U.S. mortgage lender fall as it says it has some exposure to the troubled U.S. subprime mortgage market.
Countrywide said it was tightening its underwriting standards, adding that nonprime loans were only 7 percent of its funding volume in February.
The move comes amid surging defaults in mortgages made to borrowers with weak credit or inadequate documentation, as underwriting standards industry wide have proven too weak.
Countrywide told its brokers Friday to stop offering borrowers the option of taking out a mortgage without a down payment, according to a document obtained by Reuters. Other lenders have made similar changes.
Generally, the bulk of subprime delinquencies are coming from loans made last year that are as little as one month old, making 2006 perhaps the worst ever in terms of mortgage credit quality, according to analysts at UBS Securities.
How much longer can their scam go on? You can't keep forcing your phone refi monkeys to keep putting these people in your SMART CHOICE, SECURE ADVANTAGE LOANS ETC. THESE ARE NOT SAFE LOANS FOR MOST OF THE PUBLIC AND COUNTRYWIDE IS SOON FINDING THAT OUT. I'd like to hear from some of the folks at COUNTRYWIDE about how they feel about the company that sales it products?
Will COUNTRYWIDE be happy with the way Quicken bankers are forced to sale the WRONG loans for people who shouldn't have them. How would the STATE ATTY GENERAL FEEL IF HE/SHE looked at this website? Hmmm. That old ISM "Do the right thing" is looking more like - do the wrong thing.
Go back to sleeping with one eye open knowing that the 462 people you OWE who made you BILLIONS of bucks is out there in need of their BACK PAY FROM WORKING OVERTIME without pay - DAN GILBERT says "Keep hiring the masses, and keep kicking them a****, replace the worn out ones with new masses" THE AMERIQUEST BUSINESS PLAN TO GETTING RICH IN AMERICA.
Brian
Walled Lake, Michigan
U.S.A.
4 Updates & Rebuttals
Brian
Bloomfield Hills,Michigan,
U.S.A.
To R-Livonia
#2UPDATE EX-employee responds
Tue, July 31, 2007
Glad to see Mr. Farner (R) still reading these post. I've missed you Farn Dog old buddy. I bet you wish you could find me. Tell your pimp (Dan Gilbert) to pay the 462 people who he owes for Overtime hours. Why do you all feel that your all of sudden above the law? You all do enough of destroying people lives, your customers and empolyees lives. You sue happy fools need to understand that no one will STOP ME from telling the truth about what really happpens in that place. The Drugs, Sex, and Racist leadership that you have. I can even name the names of things that go on in the place. If I start to name the people who take part in this - I bet people will be fired - for now I will spare them. Jay -Go back to driving your nice hot rod 911 and remember ENRON. Quicken Loans is the ENRON of the mortgage business - watch and see what happens. I know people right next to you who are talking to me - I have MAJOR inside info that can bring you rats down.
R
Northville,Michigan,
U.S.A.
Sad
#3UPDATE Employee
Sat, July 14, 2007
Is there a more sure fire way to tell when someone knows they are a failure - than to read their bitter rantings? You worked at Quicken Loans - and it didn't work out for you. No big deal. You're on to bigger and better things for yourself (or you should be). To slur one of the most successful companies and one of the most successful entrepreneurs that Michigan is proud to have - is just pathetic. Name me one - just ONE - company you admire. Name me a company you think has provided great products, great service, great employee support. And then type that company name in this site and hit enter. The vile and lies will spew forth. There's no question there is a place for a community to share information and warn others of dangerous practices. But sadly, places like this degrade into social gatherings for the failed and the miserable. It's hard to dig in and create. It's difficult to innovate and lead. It's much easier to criticize and complain. My guess is the person who wrote this post not only failed at Quicken Loans, but they have failed many times in their life. And, not one failure has been their fault - it's always someone elses fault... Good luck to you friend! Quicken Loans is still doing well. And the 11,000 clients who are served each and every month are very satisfied.
Wj
Palatine,Illinois,
U.S.A.
Telling.....
#4Consumer Comment
Sat, April 28, 2007
That's very telling, seeing as Countrywide just recently stopped accepting two-day electronic mortgage payments from ALL major US banks. Also telling, that Quicken is only one of two services from which they will accept electronic wire payments. (The others are Yahoo billpay, and their own website, you might take interest in the story that I put up here)
NKA.com
LIVONIA,Michigan,
U.S.A.
Do the right thing ONLY WHEN...
#5UPDATE EX-employee responds
Tue, March 13, 2007
It benefits the company or your sales director. If it is good for the client or good for the sales person it MUST ALSO be good for the company or your sales director -OR- BE CAREFUL. Be Careful because your only 1 new hire away from the street.
