Skip to main content

Space: The Final Mortgage Frontier?

Phil Hall
Apr 14, 2016
Mortgage professionals seeking to expand their footprint may have a new market to explore thanks to a start-up company that is bringing housing opportunities to an untapped region

Mortgage professionals seeking to expand their footprint may have a new market to explore thanks to a start-up company that is bringing housing opportunities to an untapped region.

According to a report by Nature World News, the company RedWorks is developing a 3-D printing system that would enable homebuilders to create residential structures on Mars. Why on Mars, you may wonder? Well, NASA is planning a launch to Mars in 2030 and Redworks founder Keegan Kirkpatrick believes the Red Planet is the next big opportunity for home builders.

"There are a lot of businesses focused on launching satellites and humans into space, but one important thing that isn't being addressed very much is the kind of infrastructure that needs to be put in place for us to be able to operate on another planet," Kirkpatrick explained.

However, Kirkpatrick has not set a price for this future housing. It is also not clear if mortgages for Martian housing would fall under the Consumer Financial Protection Bureau’s regulatory authority, though it safe to assume this type of home loan would stretch the QM rule to the fraying point.

Published
Apr 14, 2016
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021