Seven Predictions for 2020: The Rat Pack Edition

Earlier this year, Sunny and I made her third (my second) move across this great country of ours in three years, landing in Las Vegas. I have to say, so far, we’re quite in love with this city. Most of you only know Las Vegas from The Strip… which is unfortunate. It’s quite like judging […]

[VIP] Zillow’s Possible Long Game: Mortgages and iBuyer

It’s VIP Content Week, as I am home for several days without any travel. All that changes next week, but… in the meantime, I thought it worth putting together some posts for subscribers that reflect some of the things I’ve been working on in recent weeks. One topic that keeps coming up both online and […]

Are Investor Offers Always Worse?

I’ve been in the mountains of North Carolina the last couple of weeks with intermittent internet service and zero cell coverage. So obviously, blogging was nonexistent. I barely responded to emails, to be honest. One interesting conversation I had with Sunny around the campfire, though, was whether investor offers are always and everywhere worse than […]

Understanding Opendoor’s Mortgage Brokerage Move

Regular readers know that I have said that Opendoor could be the most important company in real estate. My reasoning was that Opendoor looked to be trying to revolutionize the single biggest painful aspect of buying a home: the mortgage. Here’s what I wrote: So yeah, I think Opendoor is about revolutionizing the entire culture around how homes […]

Understanding Opendoor’s Mortgage Brokerage Move

Regular readers know that I have said that Opendoor could be the most important company in real estate. My reasoning was that Opendoor looked to be trying to revolutionize the single biggest painful aspect of buying a home: the mortgage. Here’s what I wrote: So yeah, I think Opendoor is about revolutionizing the entire culture around how homes […]

Forest for the Trees: Opendoor Edition

I’ve been really, really busy traveling all over this great country of ours. Finally got to visit Montana which is every bit as beautiful as advertised… I think… since most of what I saw was snow blinding my windshield…. But the view from the plane coming in and flying out was exquisite. Must visit again […]

Musing on Culture: Is There Still a Stigma to Foreclosure?

Back in the dark, dark days of the Bubble (2008-2011), I remember thinking a lot about, and talking about, strategic default. Here’s a sample from the tail-end of 2010: What got me wondering is whether that commercial and others like it, which constantly denigrate banks, call mortgages illegal and immoral, and talk about how you […]

We Need To Talk About Fannie Mae A Bit

A couple of weeks ago, I learned about a new Fannie Mae program that was rolled out to lenders called Collateral Underwriter, or CU. From the press release: Fannie Mae created the online tool in 2013 to analyze appraisal data it had been receiving from lenders electronically since 2012. With the rollout in early 2015, […]

An Interesting Take on Zillow

Consider this a Easter present to my readers. Sort of like a colorful egg, hidden amidst thorns and brambles of Gen-Y DOOOOOOM that I get into sometimes. Barbara Gray is one of those friends one makes on the Internet in the 21st century. That is, I’ve never met her in person, and with whom I […]

Zillow Plays the Race Card in Advance of Hosting HUD Secretary Donovan

Last Thursday, Zillow released a report on minority access to mortgages in partnership with the National Urban League. In case you were wondering what the conclusion of the report might have been, it was titled, “A House Divided: How Race Colors the Path to Homeownership“. The topline conclusion comes from Stan Humphries, Zillow’s Chief Economist […]