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33% say they would buy a mortgage from Wal-Mart

By Ironman (97/100 = 97% civil)   2012 Dec 3, 11:46am   ↑ like (2)   ↓ dislike (2)   1,431 views   14 comments   watch (0)   share   quote  

I guess they want their mortgages from China too....

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One in three U.S. consumers would consider a mortgage from retailer Wal-Mart and almost half would consider one from online payment provider PayPal, according to a financial services study to be released on Monday.

The results should be especially disconcerting for banks because the two companies don't even offer mortgages.

The study shows consumers are willing to try alternative lenders as borrowers focus on price, customer service and trust in their provider when selecting a mortgage, said Doug Hautop, lending practice lead at the Carlisle & Gallagher Consulting Group, which conducted the survey.

http://www.nbcnews.com/business/33-say-they-would-buy-mortgage-wal-mart-1C7376581

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Comments 1-14 of 14     Last »

1   RealEstateIsBetterThanStocks (23/23 = 100% civil)   2012 Dec 3, 11:48am  ↑ like (3)   ↓ dislike   quote   top   bottom   home   share  

Call it Crazy says

I guess they want their mortgages from China too

why not? Chinese save more than Americans and they live below their means meaning they are much less likely to default.

2   Ironman (97/100 = 97% civil)   2012 Dec 3, 11:55am  ↑ like (1)   ↓ dislike (4)   quote   top   bottom   home   share  

Mark D says

Call it Crazy says

I guess they want their mortgages from China too

why not? Chinese save more than Americans and they live below their means meaning they are much less likely to default.

What????? Did you read the article????

3   RealEstateIsBetterThanStocks (23/23 = 100% civil)   2012 Dec 3, 12:08pm  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

Call it Crazy says

Mark D says

Call it Crazy says

I guess they want their mortgages from China too

why not? Chinese save more than Americans and they live below their means meaning they are much less likely to default.

What????? Did you read the article????

ok i misread. although i still don't see why Americans wouldn't want to buy mortgages from China when the government is already borrowing from China.

4   Ironman (97/100 = 97% civil)   2012 Dec 3, 12:13pm  ↑ like (2)   ↓ dislike (4)   quote   top   bottom   home   share  

Mark D says

lthough i still don't see why Americans wouldn't want to buy mortgages from China when the government is already borrowing from China.

They could cut out the middle man... China loans money to the U.S., U.S. gives money to the bank, bank loans money to you...

Yea, should just go direct, from China to you, maybe even get a better rate...

5   kirkm   2012 Dec 3, 10:26pm  ↑ like (1)   ↓ dislike (1)   quote   top   bottom   home   share  

This article is apparenty based on 618 responses to an online survey. Really? If like most online polls, take results with a grain of salt.

6   errc (5/5 = 100% civil)   2012 Dec 3, 10:45pm  ↑ like   ↓ dislike (2)   quote   top   bottom   home   share  

Call it Crazy says

Mark D says

lthough i still don't see why Americans wouldn't want to buy mortgages from China when the government is already borrowing from China.

They could cut out the middle man... China loans money to the U.S., U.S. gives money to the bank, bank loans money to you...

Yea, should just go direct, from China to you, maybe even get a better rate...

You seem to have some fundamental misunderstandings of what the flow chart of dollars thru an economy actually works.

Id just as soon "buy my mortgage" from bin laden or kim jung ill, than send the payments off to the facist wells fargo black hole

7   Jim   2012 Dec 4, 12:43am  ↑ like   ↓ dislike (1)   quote   top   bottom   home   share  

This article is apparenty based on 618 responses to an online survey. Really? If like most online polls, take results with a grain of salt.

8   everything   2012 Dec 4, 12:55am  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

The only thing this survey tells us is that people don't give a rat's XXX who they get their mortgage through.

9   Ironman (97/100 = 97% civil)   2012 Dec 4, 12:56am  ↑ like (1)   ↓ dislike (4)   quote   top   bottom   home   share  

errc says

Id just as soon "buy my mortgage" from bin laden or kim jung ill, than send the payments off to the facist wells fargo black hole

I don't think you could get a mortgage from them, they're both dead....

10   chris3637   2012 Dec 4, 1:28am  ↑ like (3)   ↓ dislike (1)   quote   top   bottom   home   share  

This article is idiotic. Who cares who the mortgage company is? It's just going to get bundled and sold off. All that matters is the final cost...

11   Ironman (97/100 = 97% civil)   2012 Dec 4, 6:33am  ↑ like   ↓ dislike (4)   quote   top   bottom   home   share  

chris3637 says

This article is idiotic. Who cares who the mortgage company is?

Maybe if they get the mortgage from Walmart, they can put the application fees on their EBT cards......

12   SunnyvaleCA   2012 Dec 4, 8:07am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

chris3637 says

This article is idiotic. Who cares who the mortgage company is? It's just going to get bundled and sold off. All that matters is the final cost...

I think that's the point: customers don't perceive that the conventional mortgage providers add any value, so they would rather take their business elsewhere where they at least get low prices.

13   Ironman (97/100 = 97% civil)   2012 Dec 4, 10:36am  ↑ like   ↓ dislike (4)   quote   top   bottom   home   share  

SunnyvaleCA says

I think that's the point: customers don't perceive that the conventional mortgage providers add any value, so they would rather take their business elsewhere where they at least get low prices.

We Have A Winner!!!!

14   BoomAndBustCycle   2012 Dec 4, 5:09pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

As long as they have an online payments setup.. and i can manage my payments entirely online reliably. And the costs are lower then the next guy...

Sure, i'd refinance with Wal-Mart!

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