This seems like a highly risky proposition.
But Facebook does generate its revenue from advertising, and payments through the universally-used social networking site seems a logical business move.
Moving to loans, however, with current lending standards tightening due to fraudulent issues in the mortgage business, seems like a stretch.
Many users already question if they should keep a Facebook account due to privacy issues. How many would trust disclosing their financial information?
Read the article: "Social media giant to enter lending business" from Mortgage Professional America.
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