Google Launches Mortgage Shopping Tool in California

Re:Google Launches Mortgage Shopping Tool in California by toomuchtodo on Monday November 23, 2015 @02:39PM (#10616746)

And if Fannie and Freddie no longer provide federally-subsidized loans, mortgage products would make a fine fixed income product for Google's cash reserves to help fund Alphabet and Calico.

The AdWords money train ain't gonna run forever. Time to diversify now!

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Re:Google Launches Mortgage Shopping Tool in California by cma on Monday November 23, 2015 @03:07PM (#10616939)

And if they start funding a huge basket of subprime stuff they will have all the funding they need to really soar their Alphabet internet balloons into the stratosphere.

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Re:Google Launches Mortgage Shopping Tool in California by toomuchtodo on Monday November 23, 2015 @03:08PM (#10616946)

If anyone has enough information on borrowers to properly price the risk, it's Google. Far more information than any traditional lender or mortgage broker is going to have.

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Re:Google Launches Mortgage Shopping Tool in California by bradleyjg on Monday November 23, 2015 @03:57PM (#10617239)

I'm not sure they could legally use all of it to do underwriting, that's a tricky area. Also, for better or for worse, the GSEs + Ginnie are not going away any time soon.

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