• Are you interested in winning a little extra holiday spending money? You don’t have to answer that – everyone is interested in extra money! Good news! Today marks the beginning of the Quicken Loans Cyber Monday ThanksGiveaway!

    + -
  • Save some time, and find out what this year’s hot holiday toys are before the big rush.

    + -
  • Thanksgiving is quickly approaching, and if you’re hosting the dinner this year, it’s time to start planning. That’s why I’ve put together a helpful Thanksgiving checklist to relieve some of the stress. There’s even a downloadable PDF version so you can check it off as you go!

    + -

Bizdom U featured in Inc. Magazine’s “Five reasons to start a business in Detroit”

Bizdom U featured in Inc. Magazine’s “Five reasons to start a business in Detroit”

Last week, Bizdom U and CEO, Ross Saunders were featured in Inc. Magazine’s “Five Reason’s to Start a Business in Detroit.” “Detroit needed to decrease its reliance on manufacturing. It needed to transform into a “brain economy,” rooted in innovation and entrepreneurship,” Saunders said in the article. Innovation and a vibrant support network are among the reasons in which new businesses in Detroit will succeed. Fresh, new ideas and entrepreneurship are exactly what Quicken Loans founder and CEO Dan Gilbert brought back to the city. Check out Inc. Magazine to read the article! Photo Credit: nationaltransportllc.com

Continue Reading
Market Update – Fed Likely to Jolt Economy with Second Round of Stimulus

Market Update – Fed Likely to Jolt Economy with Second Round of Stimulus

The bond markets are closed today in observance of the Columbus Day holiday. On Friday morning, mortgage backed securities first rallied on the disappointing non-farm payroll reports, then sold off after originators began selling into the week long rally. The disappointing employment figures have raised expectations among investors, that the central bank will move to jolt the economy with another round of stimulus. Today, two Vice Chairmen of the FOMC and Board of Governors are scheduled to speak.

Continue Reading
Market Update – U.S. Economy Loses 95,000 Jobs in September, Unemployment Steady at 9.6%

Market Update – U.S. Economy Loses 95,000 Jobs in September, Unemployment Steady at 9.6%

Mortgage bond prices are higher again today after the release of the September payroll report. Overall, payrolls were expected to decrease -5k, but the actual number showed a -95k decrease. Many of these were government census workers. Consequently, the private payroll figure was expected to get most of the attention as the consensus predicted a 75k increase. The actual increase was less than expected at 64k. Since the report did not yield strong results, investors are treating the news as additional evidence for the Fed’s case that new quantitative easing is required.

Continue Reading
Market Update – Private Sector Jobs Drop 39K in September

Market Update – Private Sector Jobs Drop 39K in September

Bonds are up this morning following the ADP employment report which showed that jobs in the private sector dropped 39K in September. Also, pushing bonds up this morning was the news that the Bank of Japan announced overnight that it will expand its balance sheet in an effort to stimulate the economy. In other economic news, despite the historical low rates, mortgage applications fell for the fourth straight week.

Continue Reading