Posted To: Pipeline Press

Crazy times. Brooks Brothers filed for Chapter 11 bankruptcy. Rocket Companies filing for an IPO. Genworth Mortgage Insurance completing an excess of loss reinsurance transaction. It is easy to argue that it is the fear of the virus that is impacting economies around the world, not the virus itself, slowing economies and keeping rates low. People learn to adapt, right? And that encourages a bounce back: “adaptive economic normality.” The virus is certainly pushing the advance of technology in the residential lending industry as individuals, lenders, and title companies have changed ways of doing business. (Here’s how to “Rickroll” your next Zoom meeting . ) Real estate agents have adapted, as have buyers, and sales are strong at reasonable price points. Most housing…(read more)

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Source: Mortgage News Daily