Home Mortgage category archives

The chickens have come home to roost for some of those responsible for mortgage fraud and mortgage securities fraud that have contributed to the current mortgage crisis. Operation Malicious Mortgage has nabbed more than 400 individuals involved in real estate deals in just three and a half months, the FBI announced today. This is the [...]

It’s been just under 2 months since we officially launched Zillow Mortgage Marketplace, and in that time we’ve seen some great results. More than 28,000 loan requests have been submitted by borrowers, and over 2,000 confirmed lenders have responded with more than 115,000 loan quotes! We’ve also begun to hear some very positive anecdotal feedback [...]

Since launching Zillow Mortgage Marketplace a little over a month ago, we’ve received all sorts of recommendations and feedback from our users. We have been busy fixing a few things since then, but we’ve also recently added features the our lender community has asked for. We appreciate the great suggestions we’ve received and hope the new [...]

As you may have noticed, we recently made some additions to Zillow Mortgage Marketplace that help borrowers learn about their individual mortgage needs and the state of the current market.
Mortgage Calculators
We added 10 mortgage calculators to help borrowers answer important questions they may have before they begin shopping for a loan. They help calculate:

How Much [...]

With more than 40,000 loan quotes submitted by lenders since the launch of Zillow Mortgage Marketplace a few weeks ago, we thought it was time to share some of the more interesting data we’ve compiled. Last week we opened up the marketplace even further by allowing everyone to search and view real, anonymous [...]

I don’t know what I’m anticipating more: my rebate check or a letter from my lender that tells me my HELOC is on ice. Back in January, lenders started notifying borrowers that their Home Equity Line of Credit — which is essentially a debit card on steroids — was being frozen, or rendered useless. Countrywide [...]

For those of you who haven’t already heard the news, today Freddie Mac reached an agreement with Wells Fargo, Citibank, Washington Mutual and JPMorgan Chase to purchase mortgages up to $730,000 in some areas. What does this mean for you?
Traditionally, homes loans above $417,000 were considered jumbo, and were not backed by government-sponsored programs, including [...]

Some of you may have noticed some changes and additions we made to the Zillow Mortgage Marketplace landing page.  In addition to links directly to our Credit Score Estimator and Mortgage Help Center topics, we’re now making it easy for anyone visiting Mortgage Marketplace to look at loan requests and mortgage quotes happening in real [...]

We’ve had a busy week here at Zillow since Zillow Mortgage Marketplace launched last Wednesday evening. At this writing, 7,866 loan requests have been submitted by borrowers, and lenders have responded with more than 14,397 loan quotes! Needless to say, this surpasses any expectations we had internally for the first week out of the gate.
While [...]

As part of the product planning for Zillow Mortgage Marketplace, we conducted research on borrower behavior, perceptions and concerns. The findings helped guide our thinking and shape the final product features. You can check out some survey highlights in our press room. Below are several interesting facts from recent surveys of the U.S. population1 and [...]