Here are some alarming results from an April 2011 Zillow/Ipsos study: 55% of homebuyers don’t know that rates change throughout each day, 37% think getting pre-qualified means they’ve secured financing, and 44% said they’re not confident in their mortgage knowledge nor the mortgage process.
Posts Tagged ‘Zillow’
Originations 5/4: Half Of Hombuyers Don’t Understand Mortgages
Today’s links on uninformed homebuyers, fate of mortgage brokers (and Freddie Mac, and the entire industry), plus a Lamborghini chase!
Originations 4/21: Dare call yourself an entrepreneur?
If you dare call yourself an entrepreneur, read James Altucher’s piece below to ensure your self-applied title is legit. Today’s links also include a negative outlook on Zillow’s IPO, a great write-up on Fannie’s economic outlook, and a word on home appraisals from FoxBusiness—so it has to be legit.
Is Zillow named after a Dr. Seuss character?
Last night my kid requested a bedtime book we hadn’t read in awhile. There’s A Wocket In My Pocket by Dr. Seuss is a treasure trove of character names, even by high Seuss standards. There’s the Yottle In The Bottle, Woset In The Closet, Nink In The Sink, Zamp In The Lamp and of course [...]
Foreclosed Home Stats & Buying Tips. Final 2Q GDP 1.7%. Is Zillow Credible?
Is Zillow Credible? If and when I go to find another home loan, is Zillow going to set the rate? Is Zillow going to underwrite it? (Sorry – venting a little here.) In a report that some would say is “Big Brotherish”, according to research by Zillow Mortgage Marketplace, done with myFICO.com, any potential borrower [...]
Zillow: 1 in 3 Think Worst Is Yet To Come. Market/Rate Recap, Preview Next Week.
Higher 2010 Rate Forecasts All Wrong At the start of the year, not only were the smartest guys in the room talking about how mortgage rates would go up when the Fed ended their $1.2 trillion purchase program, but that rates would be going up in general given the expected economic rebound. Of course, neither [...]
Waiting On Rate Locks, Citi Expands Loan Mods, GMAC Posts Profit,
The economy is getting worse. Home Depot announced that they’re laying off 7,000 employees. This is interesting because I’ve been to Home Depot, and I didn’t even know they had employees!
Zillow: Americans Lose $1.4 Trillion in Home Values in Q42008; More Than was Lost in All of 2007
Eighth Consecutive Quarter of Declines is Worst So Far: Home Values Fall 11.6% in 2008; One in Six Homeowners is Underwater, According to Q4 2008 Zillow Real Estate Market Reports
Zillow: Homeowners In Denial About Home Prices, McCain Voters More So
According to a Zillow survey, despite a turbulent third quarter, half of U.S. homeowners don’t think their home’s value has decreased. The survey also showed prospective McCain voters are more bullish on their home’s value. The Zillow press release highlights are below and here’s a link to the full report, which includes percentage answers to [...]
Super Conforming Better Still, 50% of 2006 Home Buyers Under Water
Yesterday the news of Vallejo, California’s bankruptcy, and Wachovia’s head of Commercial Lending leaving, was overshadowed by Fannie Mae. Fannie Mae threw some chum into the water for loan agents in high balance areas, saying that it will buy jumbo mortgages for the same prices as smaller loans. Some random notes:
