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Mar 28, 2020
12:51:44pm
RexIdaCoug Truly Addicted User
There is a wave a missed mortgage payments coming and it could get really ugly
I think this article is a little alarmist but it is clear that there is a problem coming.

POLITICO

The next financial crisis: A collapse of the mortgage system

The mortgage finance system could collapse if the Fed doesn’t step in with emergency loans to offset a coming wave of missed payments from borrowers crippled by the coronavirus pandemic.

https://www.politico.com/news/2020/03/27/mortgage-system-collapse-coronavirus-pandemic-152338[https://www.politico.com/amp/news/2020/03/27/mortgage-system-collapse-coronavirus-pandemic-152338]
This message has been modified
Originally posted on Mar 28, 2020 at 12:51:44pm
Message modified by RexIdaCoug on Mar 28, 2020 at 12:52:13pm
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RexIdaCoug
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RexIdaCoug
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Nov 17, 2006
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Apr 30, 2024
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Related Threads Topic: You know what business isn’t hurting? Lowe’s. (Triznaynay, Mar 28, 2020 at 10:27am)

Children:
I know many dislike Dave Ramsey, but his followers are making payments on time (Pick-Six Coug, Mar 28, 2020 at 2:36pm)

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POLL: What percentage of Americans have 3-6 months of liquid savings available right now? (KingDave, Mar 28, 2020 at 3:01pm)
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