In a move that could drastically reshape the home lending market, the U.S. Department of Commerce is announcing plans to launch an online home mortgage marketplace.
The marketplace, known as CVS Home Finance, will be available to consumers as of April 15, 2019, according to a press release from the department.
The website will allow consumers to buy and sell homes for cash, as well as rent them out for short-term and long-term loans.
The department says that home buyers can buy or rent their homes for up to 30 days in advance of their purchase date.
The marketplace will be integrated with the U