The Financial Institution Learning Center

A banking blog that answers the industry's top questions and problems.

Posts by

Brandon Wood

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Did Coronavirus Break the Housing and Mortgage Market? How Your Bank Should Respond

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Brandon Wood

Flashback to February, 2020 … On paper, the U.S. economic picture was at historic highs, with the top economic indicators of inflation, low unemployment, strong housing demand, consumer spending, and high consumer confidence all seemingly to be “unstoppable forces.” How, then, with what seemed like a blink of an eye, did the Coronavirus, which we will call the global “immovable object,” cause the economy to drop to its knees? And, more specifically, did this drop break the housing and mortgage market? If so, how can it be fixed, and what can your financial institution do to embrace your community in its time of need?

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