Aren't things supposed to be slow in December?
Not if you want to buy a house, apparently. Or at least thinking about it...
Zillow's abundant web pages of homes for sale clearly showed that home prices were on the naughty list last year. But getting the word out apparently landed Zillow on the "nice" list somewhere.
I've been thinking a lot about liquidity lately.
Not just because it's the holidays and, as anyone with a house full of Christian (or agnostic, or atheist) children knows, cash flows out to retailers like floodwaters rushing a city built too close to the Mississippi delta, but also because I've been reading a fair amount of mortgage news of late.
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More