2. “There are now about 5.9 million borrowers who could see their rates drop by at least 75 basis points by refinancing their mortgages...an aggregate of $1.6 billion in potential monthly savings”https://www.cnbc.com/2019/06/03/as-mortgage-rates-plunge-millions-more-homeowners-can-benefit-from-refinancing.html …
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3. So why don’t consumers do this? It’s WAAAY too complicated for, in this case, an average of $271 per month. Add in the paradox of choice (refinance with whom?), getting stuff notarized, getting both spouses to sign, and hidden fees...and it’s easier to do nothing
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4. Roboadvisors have been around for a while focused on investing assets and optimizing portfolios, but I believe the bigger opportunity is on roboadvising debt — and this has potentially the gravest impact to banks who *make money on friction* (which is all banks!)
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5. There are lots of refinance companies out there, but the biggest opportunity is to do it all automagically for consumers whenever savings can be had (including shifting unsecured debt into secured debt). Refinance as a service, not leadgen to open yet another account
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6. Banks are effectively the biggest “managed marketplaces” out there, between depositors and borrowers. Both sides are getting screwed over by a giant take rate protected by friction (too hard to switch) — with banks earning healthy spreads and record profits
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How trivial would be the creation of a new debt instrument like the
#AppleCard, in this instance, the@motorious_dl#MotoriousDriversLicense, which is DISRUPTIVE, in that it offers an even more so than the Apple Card, say 10 basis points) interest rate in order to woo consumers?14 replies 17 retweets 1 like -
Replying to @motorious_tv @arampell and
one could argue that current rates, say for a
@MasterCard or@Visa, are both racially biased and fall between (@NYFedResearch#usurious at >17% and#criminallyusurious >26% in#NewYorkState), giving an impetus for why it should be formed? Drastically Lowering monthly payments12 replies 16 retweets 1 like -
Replying to @motorious_tv @arampell and
should both LOWER RISK OF DEFAULT, while lowering fees (e.g.
@Walmart v@Visa https://m.openjurist.org/396/f3d/96/wal-mart-stores-inc-v-visa-usa-inc …@Shell_OnTheRoad@VivoEnergy@Castrol#MotoriousDriversLicense#motorious_dl =@motorious_dl =@uniti_stores) increases retailer profits and#CustomerAcquisition prospects for us10 replies 17 retweets 1 like -
Replying to @motorious_tv @arampell and
#MotoriousDriversLicense#GreenSpeedIndex#M_DriversLicense @M_DriversLicense@motorious_dl@uniti_stores@Walmart@ECBForum@ecb@BI_RetailNews@BarneysNY@Shell_OnTheRoad@VivoEnergyUg@Castrol_SA@SEMAMembers@federalreserve@bundesbank@Columbia_Biz@StanfordGSB@HarvardBizpic.twitter.com/0XcP8BTYL7
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Replying to @motorious_tv @arampell and
motorious café | nightclub Retweeted motorious café | nightclub
motorious café | nightclub added,
motorious café | nightclub @motorious_tv#MotoriousDriversLicense#MotoriousCard#uniti_stores#motorious_cafe | https://Twitter.com/motorious_tv | http://fb.me/motoriousTV@tumblr http://motorious-cafe.tumblr.com http://m-o-t-o-r-i-o-u-s.tumblr.com http://1-888-motorious.tumblr.com http://dino-666.tumblr.com http://motorious-motorsports.tumblr.com@TwitterSupport@TwitterAPI https://twitter.com/motorious_tv/status/1167121695959846913 … pic.twitter.com/CbRzTdjjotShow this thread8 replies 6 retweets 0 likes
http://sy-techs.com/motorious_inc-motorious_llc-nycbigapps-ype_nyc-ypehouston-semamembers-walmart-retailweek-advancingretail-federalreserve-secy_state_us-semashow-mobilee_group-ubuntu-nycdoitt-linuxfounda/ … (@SytechSolutions #Minority #Woman Owned http://bit.ly/m_srs_jv #JV) @NYCMWBE @nycbigapps @SEMAMembers @YPEHouston @Walmart @AdvancingRetail @federalreserve @US_Secy_State @SEMASHOW @semaSAN @RetailWeek @MobileE_Group @ubuntu @NYCDoITT @linuxfoundation
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