How to Get Rich in a Volatile Mortgage Market

Blown Mortgage highlights a potentially impending trend of companies cutting their non-core entries into the mortgage business:

If you think of all of the companies like E-Trade, AIG, H&R Block that got in to mortgage as an adjunct to their core business models there is still a decent list left of those that will probably make the move out of the sector to preserve liquidity and earnings in other, more profitable business units.

How does this create a get rich strategy? Well, in the last down cycle it was arguably the catalyst opportunity that made Dan Gilbert a billionaire. After being battered on Wall Street for having a highly volatile, non-core mortgage business embedded in a technology company, during a down trend in the mortgage market Gilbert got to buy back his company at a deep discount.

The rest is Quicken Loans magic!

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