Coronavirus Could Trigger Mortgage Market Crash as First FDIC-Insured Bank Falls
The potential closure of more regional banks in the near term poses an unexpected threat to mortgage holders in the near term.
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My opinion:
If that happens, this is a big question mark, because Americans are learning to try and monitor their market, and there is a very strong desire to bring the economy back to business.
If that happens, the impact will not be seen this year and next year. As you saw the effects of 2008 only in 2009-10.
And if that happens then you have to be prepared and collect the assets off the floor. But to do that you need experience and local contacts + staff to get the deals flowing to you and you need to be ready with cash. Cash is king baby.