i think this all flys in the face of logic. if you have great credit - the bank will suck your cock if it means you will take their money. conversely, a person who is lending money should know the value of the cash, the risks etc and would not be lending money at rates lower than a bank unless he is very irresponsible. a bunch of people getting together and saying "we can do it better than Wells Fargo" is a little insane, idealistic and short sighted in my opinon.
what i am saying is ... how is it logical that a group of people can get together and think they can loan money cheaper or better than Fanny Mae who has around $100,000,000,000.00 in loans out.