Showing posts with label novi. Show all posts
Showing posts with label novi. Show all posts

Tuesday, March 31, 2009

Quicken math not Rock solid?

Detroit, famous for the Purple Gang (extortion, gambling and robbery) during the last Depression, celebrates the new Depression with a new generation of characters with unsavory behavior. A couple of Detroit's mortgage titans apparently are having a falling-out:
http://www.freep.com/article/20090328/BUSINESS06/903280333/1019/BUSINESS/Gilbert++Hall+altercation+at+hotel+is+investigated

It appears to be business as usual for them, though. On the Quicken.com page, they say: "501 of 511 (98%) of our customers said they would recommend Quicken Loans to a friend or family member." Yet they show their rating as: "Average Customer Rating: 4 out of 5". That works out to them being rated at 80%. Something is strange about this math. Perhaps this is the root problem at these mortgage firms - their fuzzy math. The collapse of our Economy is due to simple math errors compounded throughout the mortgage industry? Or... maybe 98% of Quicken's customers that couldn't rate the company higher were happy to recommend them to a friend or family member?