At a recent public appearance, Dan Gilbert gave rare insight into the business success of Quicken Loans and its connection to the revitalization of Detroit.

JC Reindl provides a dispatch from the proceedings at theNorth American International Auto Show at Cobo Center in downtown Detroit, where Dan Gilbert, owner of Quicken Loans and famed investor in Detroit's revitalization, sat down for a rare in-depth interview with Bloomberg's Betty Liu.
According to Rendl, the conversation went into great detail on the growth of Quicken in the mortgage industry—the company recently surpassed Wells Fargo as the largest direct-to-consumer mortgage lender in the nation.
"Yet being No. 1 in mortgages is a lot different than being tops in other industries, such as automotive. In the highly fragmented mortgage sector, where prospective borrowers can visit some 30,000 bank branches and credit unions across the country for a home loan, Quicken's commands a market share of just 5.4%," explains Reindl. Still, Gilbert hopes the company's focus on technology, exemplified by the Rocket Mortgage mobile and online brand, could help grow that market share to 10 percent.
A key aspect of the public interest in Dan Gilbert's business dealings are tied up in Detroit's interest in Dan Gilbert's business dealings. With 13,000 employees in Detroit, if Quicken sputters, so too could Detroit, according to the article.
Another angle of interest to planners is the lingering concerns about mortgage lending in the wake of the sub-prime crisis and Great Recession of a decade ago. "Some market observers have raised concerns about the possible risks and dangers of nonbank mortgage lenders, contending that such firms are vulnerable to sudden dry ups in their short-term credit lines," according to Reindl. "Gilbert insists that Quicken is well capitalized and less risky than many banks." Moody's also has faith in the company, raising Quicken's bond rating in December.
FULL STORY: How Dan Gilbert has made Quicken Loans thrive in mortgage industry

Manufactured Crisis: Losing the Nation’s Largest Source of Unsubsidized Affordable Housing
Manufactured housing communities have long been an affordable housing option for millions of people living in the U.S., but that affordability is disappearing rapidly. How did we get here?

Americans May Be Stuck — But Why?
Americans are moving a lot less than they once did, and that is a problem. While Yoni Applebaum, in his highly-publicized article Stuck, gets the reasons badly wrong, it's still important to ask: why are we moving so much less than before?

Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.

Updating LA’s Tree Rules Could Bring More Shade to Underserved Neighborhoods
A new USC study finds that relaxing Los Angeles’ outdated tree planting guidelines could significantly expand urban tree canopy and reduce shade disparities in lower-income neighborhoods, though infrastructure investments are also needed.

California's Canal Solar Projects Aim to Conserve Resources and Expand Clean Energy
California’s Project Nexus has begun generating electricity from solar panels installed over irrigation canals, with researchers and state agencies exploring statewide expansion to conserve water and boost clean energy production.

HHS Staff Cuts Gut Energy Assistance Program
The full staff of a federal program that distributes heating and cooling assistance for low-income families was laid off, jeopardizing the program’s operations.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
City of Moreno Valley
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Salt Lake City
NYU Wagner Graduate School of Public Service
City of Cambridge, Maryland