Re: Update on MS Real Estate Strategy

[Brett Glass <brett@lariat.org>]

At 11:13 AM 4/17/98 -0400, Erick Andrews wrote:
 
>Norm,
>
>Certainly most if not all of us on this list would cringe at the 
>thought of M$ holding a mortgage on our house.  But what
>isn't clear to me at least, is whether they just want a "vig" 
>and/or just "sell paper".  Anyone know?
>
>Erick

I think they either want a referral fee or want to serve as a 
loan broker. The former is simpler because they don't need
to be licensed as a real estate company.

--Brett Glass