Freakabritt just leaked on twitter and reddit – Telegram
“Mortgages” only originate and finance mortgages and do not engage in “commercial banking” activities such as holding deposits, issuing checking accounts or making commercial loans.
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When these companies went public, I expressed my astonishment and wondered why anyone would buy a stock based on profits drying up when the price goes up.
Sure enough, interest rates rose and profits quickly dried up – stocks fell!
The rocket hit $23 a share and is now nearing $10; American Financials above $11 and now below $2; and Guild Mortgage was at $18 before falling to $10.50.
But – the quintessential mortgage company crash is LoanDepot – which peaked at $31.50 and is now down $2.vist this site for more Information and hot news👇👇👇👇👇
http://bestviraltrends.com
NOTE: I know many very experienced loan officers, wholesalers, managers and/or executives at all of the above companies (including LoanDepot in particular) so this blog is discounting one of them
