A Peek Behind the Mortgage Curtain

Here is a great article that does a good basic job of explaining why who you make your mortgage payment to keeps changing.  It’s particularly instructive now because it explains briefly why the massive surge of mortgage forbearance’s is threatening the stability of the mortgage market.  The bottom line is that a liquid mortgage market where banks and servicers can readily move in and out or mortgage positions results in lower interest rates for you the consumer which we can all get behind.  As always reach out to me for questions about this or any real estate related topics.