Gustan Cho Associates's video: Mortgage rate forecast 2021

1. Panic in the secondary covered bond markets * Millions of borrowers who have received pre-approval, conditional loan approval and closure approval, approvals withdrawn following the coronavirus pandemic. - All mortgage loans that were not subject to a QM closing have been canceled - This was because most of the non-QM lenders had ceased operations and / or suspended operations until further notice 99% of mortgage companies have increased their minimum lender outlays on credit ratings to 660 to 680 FICO on FHA and VA loans - It resulted from the opinion and attitude of the secondary covered bond markets - Mortgage Backed Securities (MBS) investors found any mortgage below 700 was worthless and risk-free due to the coronavirus pandemic - The coronavirus pandemic also affects first-time home buyers - This is because most first-time home buyers don't have established credit lines to get a higher credit score - Many workers have been temporarily laid off due to the pandemic Read more https://gustancho.com/covid-19-mortgage-guidelines-changes * You want to know more, contact The Gustan Cho Team at 262-716-8151 or send a text message for a faster response. Or write to us at gcho@loancabin.com. We are available 7 days a week, in the evening, on weekends and holidays. * CHECK IF YOU QUALIFY: www.gustancho.com/fast-quote ***** Follow me ***** on Social Media 1. https://www.facebook.com/TheGustanChoTeam/ 2. https://www.facebook.com/alexcarlucciMortgage/ 3. https://www.instagram.com/gustanchoas... Be sure to subscribe for more: https://www.youtube.com/c/GustanChoAssociates ALEX CARLUCCI - SVP Mortgage Banker, NMLS # 229891 ALEX STATE LICENSES: - Alabama - Colorado - 100511536 - Florida - LO40799 - Illinois - 031.0026265 - Indiana - 38913 - Michigan - 229891 - Mississippi - Pennsylvania - 72654 - Tennessee - 200345 COMPANY ALL-STATE LICENSES: - Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, Tennessee, Texas , Ohio All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Loan Cabin, Inc. and GCA does not guarantee the quality, accuracy, completeness, or timeliness of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Loan Cabin, Inc.. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Copyright © 2021 - Gustan Cho Associates NMLS 873293, DBA of Loan Cabin Inc. NMLS 165732 Address: 1910 S Highland Ave, Suite 300 Lombard, IL 60148 mortgage, mortgage rate, mortgage 2021, mortgage forecast