Estimated reading time: 0 minutes, 33 seconds

LendingHome Says Its Loans Are Beating 'Doom and Gloom'

LendingHome CEO Matt Humphrey said that the company, which often lends to people flipping single-family residences, has seen better financial performance than indicated by the national data. So reports the San Francisco Business Times.

“We’ve seen lower deferrals and forbearance than... all the kinds of doom and gloom you’re seeing with respect to general mortgage markets,” Humphrey is quoted as saying. “We’ve actually had significantly less than a lot of the headline numbers.”

Recent statistics from the Mortgage Bankers Association statistics show that more than 4 million U.S. mortgage borrowers have paused or lowered payments due to the coronavirus.

Read the full article form the San Francisco Business Times.

Read 2523 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.