Quicken Loans Gives Mortgage Payment Away to Lucky Fan at Cleveland Cavaliers Fan Appreciation Night

Detroit, MI (Vocus/PRWEB) April 13, 2011

Quicken Loans Inc., will give away a $ 1,000 mortgage payment to one lucky fan who wins the 30-second free-throw shooting contest on Wednesday, April 13, 2011 at the Quicken Loans Arena in Cleveland. The prize is part of Fan Appreciation Night, hosted by the NBA?s Cleveland Cavaliers to mark the last home game of the 2010-11 season and thank fans for their continued support of the organization.

Two fans will compete in the shootout, and the fan with the most baskets will win the mortgage payment. In addition, mini Fathead wall graphics will be given to the winner?s entire section.

Upon arriving to the game, each fan will receive an earth-friendly tote bag courtesy of Quicken Loans, Quizzle and FlashSeats, filled with gift cards, coupons and discounts for local businesses. Prize Patrols will distribute an assortment of giveaways including, Cavs memorabilia, thousands of local retailer gift cards, t-shirts and tickets to a variety of events and attractions.

The Cavaliers will also give away a 2011 Kia Soul, a trip to New Orleans courtesy of the Cleveland Horseshoe Casino and more, totaling $ 1 million in prizes during the matchup against the Washington Wizards.

In keeping with Fan Appreciation Night tradition, 30 fans will be chosen at random to meet at center court immediately following the game, where Cavs players will literally give the jerseys off their backs and the shoes off their feet! Fifteen fans will receive game-worn jerseys and 15 fans will receive game-worn shoes.

Fans unable to attend Wednesday?s game will have the chance to win prizes when they sign up as a subscriber to Cavaliers Insider, the team?s official, free email newsletter, at cavs.com.

About Quicken Loans Inc:

Quicken Loans Inc. is the nation?s largest online retail mortgage lender and among the five largest overall retail home lenders in the United States. The company closed a record $ 29 billion in retail home loan volume across all 50 states in 2010, and recently closed its 1 millionth loan. Quicken Loans employs approximately 3,700 team members and generates loan production from five web centers located in Michigan, Ohio and Arizona. The company also operates a centralized loan processing facility in Michigan as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power and Associates for 2010. ?QuickenLoans.com? has been named ?Best of the Web? by Forbes and Money magazines. The company also has been named to FORTUNE magazine?s list of the country?s ?100 Best Companies To Work For? eight consecutive years, ranking as high as #2, and named in the Top-15 of Computerworld magazine?s ?100 Best Places to Work In Technology? for six years in a row. Quicken Loans ranked #1 in the Detroit Free Press? ?Top Workplaces of 2010? List. The company recently moved its headquarters and 1,700 of its 3,700 full-time team members to downtown Detroit. For more information about Quicken Loans, please visit http://www.quickenloans.com.

About Rock Holdings Inc:

Rock Holdings Inc. is the parent company for several financial services-related businesses and employs over 4,000 team members. These client-focused and technologically driven companies include Quicken Loans, the nation?s largest online home lender and One Reverse Mortgage unit, the fastest growing reverse mortgage lender in America; Title Source, a nationwide leader of title insurance and settlement services; Quicken Loans Mortgage Services (QLMS), a mortgage origination platform servicing community banks and credit unions across the country; In-House Realty, the preferred real estate partner of Quicken Loans that matches clients with trusted real estate agents in all 50 states; and, Quizzle.com, the online innovator and website where consumers manage their home, money and credit. Rock Holdings, Inc. also recently moved its headquarters to downtown Detroit.

About the Cleveland Cavaliers:

On March 1, 2005, the NBA approved the purchase of the Cleveland Cavaliers by an investor group led by Dan Gilbert, the chairman and founder of Quicken Loans, Inc., the nation?s largest online home mortgage lender. With the new ownership, came a new era to the Cavaliers/Quicken Loans Arena organization and the #1 goal of delivering an NBA Championship to the city of Cleveland. Gilbert put all of the pieces in place and all the wheels in motion to create an environment that focuses on excellence at all levels and instills a true ?championship culture.? This is what drives the Cavaliers organization to stand out from others, and today the Cleveland Cavaliers are considered one of the most successful franchises in the NBA, and Quicken Loans Arena one of the most exciting venues in the country. The Cavaliers became the only team to be named in the top five for two consecutive years in 2009 and 2010 for the Sports Business Journal?s prestigious Pro Sports Team of the Year award category. The annual award recognizes innovation and excellence in business operations among all NBA, NFL, NHL, MLB and MLS franchises.

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Grads Fight Sallie Mae?s 'Unemployment Penalty? on Student Loans

WASHINGTON, DC (PRWEB) January 26, 2012

More than 50,000 people in all 50 states have joined a popular campaign on Change.org calling on Sallie Mae to stop charging jobless borrowers a $ 50 fee for forbearance on their student loans. Borrowers who can?t pay the extra fee are put into default.

Stef Gray, a recent graduate of a public college who took out private student loans through Sallie Mae, is leading the campaign on Change.org after being hit with the fee when she asked for a forbearance.

?What Sallie Mae is doing is wrong,? said Gray, who launched the campaign on Change.org. ?My loan already grows by more than $ 1,000 in interest every three months when it?s in forbearance, and I pay almost 10% in interest because my parents weren?t alive to cosign my loans.?

?For Sallie Mae to tack on these extra fees just to pad their profits is to kick people like me when we?re already down,? Gray continued. ?Charging a forbearance fee is wrong, and more than 50,000 people who agree are standing with me.?

News of the online petition campaign?s success is likely to increase pressure on Sallie Mae, which is actively trying to build its private student loan business. Gray plans to organize more actions against Sallie Mae, including a social media campaign.

?What Stef has accomplished in just a few weeks is remarkable,? said Change.org Senior Organizer William Winters. ?She?s obviously tapped into an issue that a lot of people feel strongly about, especially with student debt rising steadily amid high unemployment among college grads. Change.org is about empowering ordinary people to take action on issues that matter to them, and it?s been incredible watching Stef?s campaign take off.?

Live signature totals from Stef Gray?s campaign:

http://www.change.org/petitions/tell-sallie-mae-stop-the-unemployment-penalty


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23-Year-Old Grad Challenges Sallie Mae?s Defense of ?Unemployment Penalty? on Student Loans

Washington, DC (PRWEB) January 27, 2012

Student loan giant Sallie Mae defended itself from a popular campaign on Change.org demanding the company stop charging jobless borrowers a $ 50 fee on their student loans, drawing a sharp response from the campaign?s creator Stef Gray. More than 60,000 people have joined the campaign since its launch.

Sallie Mae spokesperson Patricia Christel described the fee as ?a good faith deposit that acknowledges the importance of and commitment to resuming payments in the future.?

?Sallie Mae?s characterization of this onerous fee as a ?good-faith deposit? is simply unbelievable,? said Gray, a recent graduate who took out private student loans through Sallie Mae. ?When I pay a deposit on my apartment, I get my money back at the end of the lease. If this were a ?deposit,? borrowers would either get their fees back at the end of the forbearance or the money would be applied to the loan?s balance. Neither of these is true.?

?Meanwhile, Sallie Mae continues to add interest to the loans ? in my case, more than $ 1,000

every three months I can?t find work,? she continued. ?This fee is about one thing, padding Sallie Mae?s profits, and for them to pretend otherwise is galling.?

Members of the student debt movement quickly rallied around Gray?s response via social media, using Twitter and Facebook to call on Sallie Mae to end the $ 50 fee per loan for a 3-month forbearance period, a fee Gray calls an ?unemployment penalty.?

?We can?t let Sallie Mae get away with this kind of corporate nothing-speak,? Gray said of the social media response. ?The thousands of borrowers standing with me to fight for change want real answers and real change, and we want it now.?

Live signature totals from Stef Gray?s campaign on Change.org:

http://www.change.org/petitions/tell-sallie-mae-stop-the-unemployment-penalty

Sallie Mae?s response to Stef Gray?s petition:

http://chronicle.com/blogs/ticker/unemployed-borrowers-ask-sallie-mae-to-stop-charging-forbearance-fee/39993

For more information on Change.org, please visit:

http://www.change.org/about

Change.org is the world?s fastest-growing platform for social change ? growing by more than 500,000 new members a month, and empowering millions of people to start, join, and win campaigns for social change in their community, city and country.

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