The W-shaped recession ahead
Prepare for a bumpy road ahead.
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Author: Carrie B. Reyes
The Fed’s purchase of mortgage-backed securities has a big downside for lenders
This spring’s high level of margin calls on top of rapidly rising forbearance rates have put the mortgage industry in a dangerous position.
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Sellers pull listings across California’s major metros
Twice as many homes were removed from the market this spring compared to last year.
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California consumer sentiment plummets in Q1 2020
Information on homebuyer sentiment is somewhat predictive of future home sales.
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Forbearance requests increase 100-fold in just seven weeks
Nationally, 7% of mortgages were in forbearance in mid-April.
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