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Zillow Mortgage Marketplace Reveals Interesting Data

Date:September 28, 2010 | Author:Michael Price | Category:Uncategorized

Zillow.com has recently launched a new research site under the leadership of Chief Economist, Stan Humphries. The site features a blog and a dedicated section for industry briefs.

In a recent brief by Zillow Data and Analytics specialist, Steve Brownell, data was analyzed from the Zillow Mortgage Marketplace (ZMM) that revealed one third of Americans are “Highly Unlikely” to qualify for a mortgage.

The data was collected and analyzed from 25,000 loan quotes from ZMM. The detailed brief that features an interactive table, was picked up by over a dozen major media outlets including, Time, CNBC, The Balitmore Sun, The Wall Street Journal and others. The brief shows the impact of credit score on LTV (loan-to-value ratio) on APR.

The analysis places examples of two different buyer profiles side by side, the visualization table allows you to find a table cell near your own scenario and interact with the tables to show the impact of your APR based on credit ratings and LTV.
Maybe data isn’t that boring after all .

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Responses (2)

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Catrina Carter 10:57 AM - Oct 31,2010

I accepted a bid on my commercial contract in May 2010, to close in ninety days, no contingencies. When the closing date arrived, the buyer asked for another ninety day extension. That time is coming soon, and my broker has assured me that all is “going well”.

In the meantime, I put a bid on a residential property, the bid was accepted, and I paid earnest money. Also I was informed that my son’s home is going into foreclosure, even though he has been paying partial payments.

Now my commercial buyer is saying he can’t close until next SPRING!
That is not acceptable to me, because I will be losing two houses.

What can I do if my buyer doesn’t show at closing?

Thank you,

Catrina
Michael Price 6:53 AM - Nov 1,2010

Catrina,
I would suggest you acquire some legal representation to look at all of the scenarios you are faced with.