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ANOTHER CREDIT CARD COMPANY, NOW DOING MORTGAGES
“Another Credit Card Company, Now Doing Mortgages”
When I was growing up, I continually came up with different ideas to make money. From time to time I would pitch these ideas past my parents. What they must have thought, when I came up with what I thought were brilliant ideas.
One thing that my dad would always say to me, was “You have to succeed at what you know how to do best.” Yes, there are examples that just the opposite worked out, but that is the exception to the rule.
Many, before Discover Card, have waded into mortgages and most have failed. Discover has plenty of money and can afford to just chalk it up as a bad idea. Only time will give them the answer.
Let me know your thoughts.
Discover, Expanding Beyond Cards, Wades into Mortgages
By: Victoria Finkle
Discover Financial Services is finally getting its feet wet in the mortgage origination business, but the credit card lender isn't jumping into the deep end anytime soon.
The Riverwoods, Ill., company closed its deal to purchase the Home Loan Center from Tree.com on June 6, and recently began originating mortgages.
"We closed our first loan here a couple ... more

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