Cash Flow Guys Podcast

WOW oh WOW Ladies and gents, please take a minute to read THIS: Written by Barry Habib, a very well respected economist in the mortgage industry. The direct link to his article is: https://mbshighway.com/mortgage-crisis.html 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 the capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend. Here’s How the Mortgage Market Works Let’s begin with the mortgage process. A borrower goes to a Mortgage Originator to obtain a mortgage. Once closed, the loan is handled by a Servicer, which may or may not be the same company that originated the loan. The borrower submits payments to the Servicer, however, the Servicer does not own the loan, they are simply maintaining the loan. This means collecting payments and forwarding them to the