Happy Friday, everybody! Hope everyone is keeping safe and healthy, and in as high a spirit as possible given our current situation.
Just a quick post to let you know that Greg Robertson and I recorded an episode of Industry Relations with Rob Chrisman, a widely-recognized expert in the mortgage industry. We discuss what the current rules and programs allowing (and strongly suggesting letting them) borrowers to skip mortgage payments means for the mortgage finance industry. We get into some details about how mortgages work, how the secondary market functions, and what’s going on today.
As with everything else in this time of cholera, things are changing day by day, so we hope our insights remain valid. But it’s important for real estate brokerage side of the industry to understand the risks and perils facing the finance side of the industry. Without mortgages, there are precious few home sales.
Here’s the episode: