Mortgage

The mortgage industry has forever been a profitable one for banks and lenders. Although it faced occasional challenges, it was able to navigate the roadblocks quicker than most other sectors. However, the Covid-19 pandemic presented itself as an unprecedented crisis for the industry, exploiting its unguarded soft spots and bringing business to a complete halt. The pandemic has caused unexpected…

The Covid-19 era has hit the mortgage industry on all sides – operations, finance, foreclosures, customer service, and more. The growing instances of unemployment, fewer income opportunities, and rising costs of living have impacted millions of lives, including mortgage borrowers. As the financial scenario across the U.S. deteriorates, borrowers find it exceedingly difficult to make timely mortgage payments, and lenders…

The unprecedented Covid-19 pandemic caught the world off guard and has hit humanity hard. It has been bad enough to trigger a global recession which would take a while to subside. The mortgage sector has been one of the worst-affected industries to be grappled with the business complications posed by the coronavirus. In the U.S., like anywhere else, homeowners are…