Zillow launches 1% downpayment mortgages. What could go wrong?

The company's real risks have more to do with liquidity and execution

A version of this article appeared on Alts.co.
Zillow did not respond to my request for comment.
Paying subscribers can access the data behind the chart here.

In late August, Zillow announced it will begin extending mortgage loans to borrowers making downpayments as low as 1%. Zillow’s bigger competitors like United Wholesale Mortgage and Rocket Mortgage…