Quicken Loans CEO: Millennials Have Changed the Real Estate Market
Quicken Loans is the largest online retail mortgage lender in the country. It has been leading the push towards digitization in the mortgage industry for over a decade.
It is also at the heart of Downtown Detroit's revitalization. The company moved its headquarters into the Motor City in 2010 and has been committed to investing in the city ever since.
Jay Farner, CEO at Quicken Loans, explains why the company ditched its brick-and-mortar stores years ago. He says that people are going to see even more mortgage lenders making the same move.
Farner also shares why Quicken Loans is so heavily invested in the Detroit community. He says that commitment isn't changing anytime soon.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
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