[Citizen Zed]

What disturbed me more was dogs selling Doritos.

They should just stick with physically fit humans to sell that swill to the fat masses.

[PAR35]

“If you have a smartphone, you qualify for a home loan.”

[Renkluaf]

Yes, and in Q1/16 Fannie and Freddie are expected to come up with a replacement for the use of FICO’s scores in mortgage applications. Cause you know they’re RACIST!

[Lorianne]

Did Di-Tech change their name to Quicken Loans?

[equaviator]

“Using Rocket Mortgage, future homebuyers can get a mortgage on their phones”

How are they going to get a mortgage on a house if they already have one on their phone? /s

[mjp]

Based on the 2010 book by Michael Lewis, "The Big Short" explains in detail what happened in the housing market that led to the 2008 financial crisis

Prior to the 2008 crash, mortgage lenders didn't care if the borrowers couldn't afford the loans. They made as many subprime loans as they could, then they would sell the loans to Wall Street firms, who would repackage them as mortgage bonds, and then sell them to private investors. This was called the originate and sell model.

[cyclotic]

I thought it was a great commercial glorifying the virtues of capitalism. Reminded me of the incredible essay “I, pencil. “