/biz/ - Business & Finance

>Mr. Cooper was "hacked" on Oct. 31st and has been down for a week.
>Mr. Cooper is the third largest mortgage servicer in the nation
>It is leaked that Mr. Cooper was raided by the feds due to MASSIVE amounts of fraud
>If this triggers new regulation it will cause a massive wave of buybacks on low quality loans
>That means millions, tens of millions of units (Office Space, Apartment Buildings) sold quickly and cheaply
>This will lead to a housing collapse which domino into a greater Global Financial Crisis similar to the Sub Prime Mortgage crisis of 2008

>DTCC Doubles Margin Requirements for Mortgage Backed Securities (sound familiar?)
>South Korea bans all short selling
>Governor of Federal Reserve Lisa Cook warns of the dangers and imminent disaster in real estate
>WeWork declares bankruptcy on Nov 6th.

>It is now 8 days after the supposed "hack" and users customers still cannot contact MrCooper or pay their mortgages


.......are we gonna be okay bros?