/biz/ - Business & Finance

WE GOT OURSELVES A GLOBAL FINANCIAL CRISIS! CAUSED BY SUB PRIME MORTGAGES AGAIN!

QRD:
>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
>Meridian Capital Raided by FBI as well on Nov 6th
>Fannie Mae introduces new rules for Mortgage Brokers
>Freddie Mac Blacklists Meridian Capital


Also
>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.
>ACH Outage
>Bank of Japan Outage in October

>Thread Theme: https://www.youtube.com/watch?v=5lJ_U4XWbI8

Think we might be looking at the biggest mortgage fuck up since 2008, christ