/biz/ - Business & Finance

You fell for bots pushing other bot posts, be more aware next time. You should’ve known once all the millionaires like AOC/Cuban joined your gay little cause that your shit had gone corporate at this point.

>>27553733
Hold dA line DIAMUND HANDS BALLS OF STEEEELN TOOO THE MOOOOOOON!!!

But guise our billionaire friend Cubes says to do it so why not! To dA muuuuuuun

Why does every Reddit WSB fag sound exactly the same? “To dA moon” “HOLD DA LINE” “DIAMOND HANDS”

Shut up fag! Haven’t you seen all the Reddit movies that have us holding strong together as brothers like in the movies? Hold brother! To dA mooooon!

We like dA stonk! 2 daaaa mooooon! Lmao dumb fags

You fag were convinced by a bunch of teenagers on Reddit who spam the same gay rocket emojis and phrases like “we like the stonk”. Lmao how does it feel to have followed a bunch of teenage NPCs who support big celebrities like Mark Cuban and spam rocket emojis like little kids LMAO. Do it one more time for ol times sake? 2 dA MoOoOoOn! Lmao

we're going to the moon, who's coming?

RKT/Quicken loans is just a money printer in the mortgage industry. Here are a few reasons.

>PUSH BUTTON GET MORTGAGE? This shit is fantasmic. Remember they intoduced it a few years ago, when the memories of the last recession was still kinda fresh. Everyone was being a virgin and going "nooooooo you can't just give loans to anyone, it will cause another subprime problem." Bitch, they don't know how Quicken operates.

>Quicken only takes in conforming loans, meaning loans they can directly push to Freddie/Fannie. If you don't understand the US mortgage industry, basically they originate a loan, sell it for a few points over TBA (the standard baseline mortgage price) depending on loan characteristics, and get CASH from the government which they can reuse to originate another loan.

>Quicken loans are shit. We call them "fast sellers" or "trash paper" because most only last 2-3 months before the borrower finds a much better deal and refinance. That doesn't matter, because Quicken already made 1-3% on fees. Quicken is just a volume house, and they do that really well.

>Foreclosures? Bitch do you live in the ghetto? Since April I've seen houses in the suburbs being bid up 5-10% with multiple bidders. If you don't have a job, then you're fucked but if you have a job (and looking at a conforming loan), you can get a mortgage so damn easy.

>Forbearance? According to Ginnie/Freddie/Fannie, the 3 months of forbearance still need to get paid by the servicer of the loan. FHFA have sorta changed it so the payments are made by the GSEs. In any case, Quicken has tried to reduce its costs so much in the last few years they sell the mortgage servicing rights for straight CASH about a month after the origination. This means they have no forbearance risk like Cooper or Ocwen.