MReport June 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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YOUR TRUSTED SOURCE FOR MORTGAGE BANKING NEWS Affordability Tug-of-War While near record-low interest rates are giving some buyers an advantage, rising home prices and impacts of the COVID-19 pandemic are closing doors on prospective buyers. THEMREPORT.COM JUNE 2020 ALSO IN THIS ISSUE: A Homebuyer's Mindset Amidst a Pandemic How have attitudes toward the homebuying process changed due to COVID-19, and what does this mean for lenders moving forward? The Right to a Home Military veterans seeking homeownership received relief in the form of the Blue Water Navy Vietnam Veterans Act of 2019. Lessons Learned From the Great Recession How looking back at the last recession can help the housing and mortgage industries to better prepare the industry moving forward.

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