Mortgages by Walmart??

[aubbieone]

I agree with the point that the market will react and other vendors will pick up the slack that Walmart leaves. In all reality Walmart is going nowhere however! The concern with one company having such market share is futile, do you suggest limiting their ability to compete? Is it wrong that they beat the competition but solid business model and provide services and cost at a fraction of most others? I imagine you are concerned with Google also, maybe Boeing?

 

[Busta Hustle]

i bet the fact that Florida led the nation in 2005 for mortgage fraud has a little something to do with WM knowing it would be a good time to enter that market here...and just look at the nation wide foreclosure rates...brought to you by the banking and MTG. industry...remember the S&L's? At least if the WM tries to foreclose you can go shoplift some PEZ.

 

[Bob]

:nono1: Be nice Bob;didn't you read The Millionaire Next Door?

I shop there. Let's just say it ain't Destin. Even so, SunTrust has a branch, there's a McDonalds, beauty salon etc. Be sure to have pepper spray with you for late night forays to shop there.

 

[Rambunkscious]

Its amazing that Walmarts critics usually are the people who actually need their low costs the most. If their competitors had as good a business model as Walmart, there would be no criticism of Walmart; they dont have such a business model. I would think that if Walmart can save us money on our mortgage, I would be the first one in line to apply for their service.
As for as them having a business failure, this is the weakest argument of them all, they are stronger than any of the other lenders anywhere and are getting stronger every day. This would be a wonderful thing if it happens, this company actually increases the average guys standard of living. Their lower prices cancel out gasolines higher prices so we dont have much inflation, and thats a good thing. A Walmart mortgage, that would make some of the local lenders quake in their boots, love the thought.

 

[Bob]

Its amazing that Walmarts critics usually are the people who actually need their low costs the most. If their competitors had as good a business model as Walmart, there would be no criticism of Walmart; they dont have such a business model. I would think that if Walmart can save us money on our mortgage, I would be the first one in line to apply for their service.
As for as them having a business failure, this is the weakest argument of them all, they are stronger than any of the other lenders anywhere and are getting stronger every day. This would be a wonderful thing if it happens, this company actually increases the average guys standard of living. Their lower prices cancel out gasolines higher prices so we dont have much inflation, and thats a good thing. A Walmart mortgage, that would make some of the local lenders quake in their boots, love the thought.

I hope they underwrite and process these loans in Communist China where they make all those wonderful products that have raised our standard of living.

 

[Kurt]

I hope they underwrite and process these loans in Communist China where they make all those wonderful products that have raised our standard of living.

Chinese children are quite skilled and can easily process applications by calculating credit scores and debt to income ratios.

 

[SHELLY]

Chinese children are quite skilled and can easily process applications by calculating credit scores and debt to income ratios.

...unlike the U.S.A. strip mall Sub-Primates during the RE frenzy.


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[Mango]

Its amazing that Walmarts critics usually are the people who actually need their low costs the most. If their competitors had as good a business model as Walmart, there would be no criticism of Walmart; they dont have such a business model. I would think that if Walmart can save us money on our mortgage, I would be the first one in line to apply for their service.
As for as them having a business failure, this is the weakest argument of them all, they are stronger than any of the other lenders anywhere and are getting stronger every day. This would be a wonderful thing if it happens, this company actually increases the average guys standard of living. Their lower prices cancel out gasolines higher prices so we dont have much inflation, and thats a good thing. A Walmart mortgage, that would make some of the local lenders quake in their boots, love the thought.

Oh Goody!
I might actually go into Walmart to see their loan officers passing out coupons for application fees dressed in Blue aprons, while directing dead beat parents to Aisle 7 for prohylatics. :roll:
This ought to be good.

There's a big difference between business models for Goods vs. Services.

 

[Bob]

Chinese children are quite skilled and can easily process applications by calculating credit scores and debt to income ratios.

It's bad enough we all may end up delivering pizzas to each other because all manufacturing left the U.S.A. The ultimate insult would be being turned down for your home equity loan by a fourth grader in Shanghai.

 

[SHELLY]

It's bad enough we all may end up delivering pizzas to each other because all manufacturing left the U.S.A. The ultimate insult would be being turned down for your home equity loan by a fourth grader in Shanghai.

I'm betting the 4th grader in Shanghai probably has more money saved in her piggy bank than many of the U.S. HELOC Slaves.

....call it tough love.

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