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Lending Restrictions Create Mortgage Opportunity for Community Financial Institutions

Market Commentary – Mortgage Lending

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  • Written by  Finastra
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  • Comments:   DISQUS_COMMENTS

As Covid-19 reached pandemic proportions in early 2020, the United States Fed took quick and decisive action to shore up the economy, buying hundreds of billions of dollars of mortgage-backed securities. The move was meant to provide banks with extra liquidity to help struggling borrowers as the pandemic forced business closures and jobless rates soared.

•  60% of customers feel comfortable with online mortgage applications
•  30% feel confident using a hybrid model, online applications with in-person or phone support

Learn more in this market commentary from Finastra.

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