What’s In Store For Homebuyers In The Final Months Of 2020

SourceForbes
SectorReal Estate
CountryGCC

Founder and CEO of Network Capital Funding Corporation writing about trends in the mortgage industry.   getty Unless you have just emerged from under the rock you were living below for the past several months, you are likely aware of an undeniable reality: The steps taken to protect the public's health from Covid-19 have had a staggeringly chilling effect on the American economy. The potential economic effects of coronavirus-related measures include: • As many as 42% of jobs lost to coronavirus being eliminated for good. (The Guardian reports that as many as 40 million U.S. jobs were claimed by coronavirus at one point in late May.) • The current American recession that could precede an eventual depression. • Unprecedented impacts on the lending landscape. While some banks have granted forbearance agreements ...read more...