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Updated almost 6 years ago on . Most recent reply

Chris Mason's profile image
Chris Mason's profile image
Chris Mason

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Chris Mason's profile image
Chris Mason's profile image
Chris Mason
Chris Mason
  • Lender
  • California
10,793
Votes |
9,937
Posts
Private Lending & Conventional Mortgage Advice

Coronavirus Mortgage Meltdown Articles

Chris Mason
  • Lender
  • California
ModeratorPosted

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. 

  • Chris Mason
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    Account Closed's profile image
    Account Closed's profile image
    Account Closed
    • Rental Property Investor
    • from Oakland, CA
    • Member since Jul 21, 2014
    Account Closed's profile image
    Account Closed's profile image
    Account Closed
    • Rental Property Investor
    • from Oakland, CA
    • Member since Jul 21, 2014
    Account Closed
    • Rental Property Investor
    • Oakland, CA
    1,363
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    Account Closed
    • Rental Property Investor
    • Oakland, CA
    Replied

    @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. 

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