From Foreclosure Fraud: AMAZON SETS OFF TO BECOME AMERICA’S BIGGEST MORTGAGE LENDER

AMAZON SETS OFF TO BECOME AMERICA’S BIGGEST MORTGAGE LENDER
Posted by 4closureFraud on March 9, 2018 ·

http://4closurefraud.org/2018/03/09/amazon-sets-off-to-become-americas-biggest-mortgage-lender/

AMAZON SETS OFF TO BECOME AMERICA’S BIGGEST MORTGAGE LENDER

First it monopolized the online retail space; then it made a dramatic appearance in the bricks and mortar grocer sector with its acquisition of Whole Foods, and lately it has been preparing to take on both the pharmaceutical & healthcare sector, and even banking.

And it’s only just starting, because as Housing Wire notes, Amazon is now looking to get into the mortgage lending business, and not just get into it but – in standard Bezos operating procedure – dominate it thoroughly while crushing, humiliating and bankrupting all competition. The company for which barriers to entry simply do not exist, was first reportedly planning on starting with offering checking programs first, then move into the debt product space after. And now, Housing Wire confirms that Amazon is currently looking to hire someone to lead their newly-formed mortgage lending division.

Here, a humorous aside from the report author, who refuses to provide the identity of the mortgage lender firm that Amazon has targeted:

Due to non-disclosure agreements, we probably shouldn’t reveal their identities. After all, with Amazon planning a move into mortgage lending, it’s best we work with them and not against them. Am I right?

… but gives the following hint:

We can say that if you look at the top 10 HMDA lenders and pick out the nonbanks, that’s where Amazon is recruiting their talent.

… and adds that “one person we spoke to turned down the job, but couldn’t say why.”

Rest here…~

4closureFraud.org

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Note: I tried to post a comment to the blog, but as soon as I posted, it disappeared. I don’t know if it had to be reviewed before posting, my blogs state that comments will be moderated whenever someone posts to my blogs. I did not get that message when attempting to post.

Does that mean that WordPress has begun to censor, just as facebook, twitter, etc have?
I don’t know. I sure hope not!!!

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