The decline in mortgage rates, combined with rebounding pending home sales, hints at a strong spring homebuying season, Freddie Mac’s economist says.
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![]() The decline in mortgage rates, combined with rebounding pending home sales, hints at a strong spring homebuying season, Freddie Mac’s economist says. No comment yet.
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![]() Zillow has been quietly originating mortgages for a few months, following the acquisition of Mortgage Lenders of America last year. At the time of the deal, Zillow didn’t say how much it spent on Mortgage Lenders of America. But the 10-K filing reveals the price: $66.7 million in cash. Mortgage Lenders of America originated approximately 4,000 home loans in 2018 across 40 states, or roughly 333 per month.
Al Cannistras insight:
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