Coronavirus Mortgage Meltdown Articles

[Chris Mason]

This is probably the best article I've seen so far on what is going on in the mortgage marketplace. 

The Coronavirus Meltdown

The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.

Read more at link. 

[Account Closed]

@Chris Mason “he thought it would be easy to lower the 3.7% rate...” 

wow... people just don’t realize how good we’ve had it these last 10 years.