• Winter weather doesn’t have to be scary. Here are 12 things to think about that will help you drive safe and sound.

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  • At Quicken Loans, we’re all too aware of the intricacies of the mortgage process – it’s what we specialize in, after all. But, if you’re entering the home-buying market for the first time, it can be a bit of a struggle to figure out what you should be doing and at what time. Don’t...

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  • Do you sit at your desk and daydream about white linens, lush spaces, and a quiet Cape Cod retreat? What about nautical designs and spacious outdoor seating for your friends and family? You can enter the HGTV Dream Home Giveaway® 2015 for your chance to win that, and more!

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G7 Intervenes to Slow Appreciation of Japan's Yen – Market Update

G7 Intervenes to Slow Appreciation of Japan's Yen – Market Update

Treasuries and mortgage bonds are currently lower from yesterday’s close. There are no economic releases today, so the market will be focused on headlines. The G7 has decided to intervene in the currency markets to slow appreciation of the Yen. The concern is that further appreciation would hamper Japan’s recovery effort by making Japanese exports less competitive.

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U.S. Federal Court Jury Rules Quicken Loans Followed All Federal Laws In Compensating Its Loan Officers

U.S. Federal Court Jury Rules Quicken Loans Followed All Federal Laws In Compensating Its Loan Officers

- All plaintiff overtime claims rejected by jury – Detroit, Mich. – March 17, 2011 – After seven years of litigation, Quicken Loans Inc. was vindicated today by a U.S. Federal Court jury who found the company fully complied with all labor laws in its loan officer compensation plan. The jury unanimously rejected all claims that the plaintiffs were entitled to receive overtime compensation in addition to the salaries and commissions they were paid. The case was brought by Nichols Kaster, a Minneapolis-based law firm that specializes in recruiting financial services professionals to sue their former employers for overtime claims. The firm unsuccessfully attempted to apply a 1930s wage law, originally enacted to protect hard working blue-collar workers, to highly compensated white collar professionals. In response to today’s ruling, the company issued the following statement: Quicken Loans is pleased with the jury’s verdict, which validates what we have always maintained: Quicken Loans treats its team members fairly and has always remained in full compliance with all federal labor laws. We could have settled this lawsuit and avoided an expensive, drawn-out legal battle, but we knew if we fought for what is right that justice would ultimately prevail. Our hope is that today’s victory inspires other job-creating companies to defend against meritless lawsuits which drain wealth and productivity from our society. Our commitment to treating – and compensating – our team members fairly is a major reason why Quicken Loans has ranked in the “top-30” of FORTUNE Magazine’s list of the…

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