How Covid 19 Affects the Mortgage Market update 3.27.20

🚨REALTORS 🚨

If you’ve been watching my Daily updates, you may remember I mentioned a potential tightening in the mortgage credit markets soon

🚨 Lenders are now suspending locks on some products - non QM for example

🚨 Credit score requirement are increasing on government loans

🚨 New guidance on verification of employment

🚨 I-buyers Exiting the Market

While I expect these changes to be short term it’s important to get with your lender and understand what changes are occurring and how they may affect any clients

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