Thread by @SahilG567, In this thread, we will discuss the Housing Bubble 2.0 and the [...]

Caffeine Vampire

SahilG567

In this thread, we will discuss the Housing Bubble 2.0 and the potential collapse of the mortgage finance system. (1/n)
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. https://twitter.com/TheBubbleBubble/status/1245416421565304832

https://twitter.com/TheBubbleBubble/status/1245416421565304832

The explanation for the terms is in the investopedia link in this thread.
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. https://twitter.com/Nouriel/status/1243790651155775488

https://twitter.com/Nouriel/status/1243790651155775488

https://www.bloomberg.com/news/articles/2020-04-02/u-s-holds-off-on-extending-virus-aid-to-mortgage-servicers

U.S. Holds Off on Extending Virus Aid to Mortgage Servicers

U.S. regulators are holding off on helping mortgage servicing firms that could be hit with a surge of missed payments from borrowers hurt by the coronavirus crisis, according to people familiar with...

https://www.bloomberg.com/news/articles/2020-04-02/u-s-holds-off-on-extending-virus-aid-to-mortgage-servicers

https://www.investopedia.com/ask/answers/100314/whats-difference-between-mortgage-lender-and-mortgage-servicer.asp

What's the Difference between Mortgage Lenders and Mortgage Servicers?

A mortgage lender is a bank that lends money to the borrower while the mortgage servicer processes the payments and sends out the monthly statements.

https://www.investopedia.com/ask/answers/100314/whats-difference-between-mortgage-lender-and-mortgage-servicer.asp

Looking at the recent employment report, its seems likely the fears mentioned above may come true.

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