{"id":115332,"date":"2020-04-01T22:12:08","date_gmt":"2020-04-01T15:12:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-effect-could-be-far-deeper-than-the-subprime-crisis-says-mortgage-company-ceo\/"},"modified":"2020-04-01T23:08:20","modified_gmt":"2020-04-01T16:08:20","slug":"coronavirus-effect-could-be-far-deeper-than-the-subprime-crisis-says-mortgage-company-ceo","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-effect-could-be-far-deeper-than-the-subprime-crisis-says-mortgage-company-ceo\/","title":{"rendered":"Coronavirus effect could be 'far deeper than the subprime crisis,' says mortgage company CEO"},"content":{"rendered":"


\nFor most mortgage borrowers, the first of the month is payment day. This month,on however, is a very different story. Millions of borrowers have either lost jobs or income, and are suddenly struggling to make those monthly payments.
\n
\nSource : cnbc.com
\nRead more…Coronavirus effect could be ‘far deeper than the subprime crisis,’ says mortgage company CEO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For most mortgage borrowers, the first of the month is payment day. This month,on however,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-115332","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-u0c","jetpack-related-posts":[{"id":65106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/subprime-is-now-nonprime-high-risk-mortgage-lending-is-back\/","url_meta":{"origin":115332,"position":0},"title":"Subprime is now \u2018nonprime\u2019: High-risk mortgage lending is back","date":"August 31, 2017","format":false,"excerpt":"\r Subprime loans were one of the main causes of the financial crisis. But lending to high-risk borrowers are making a comeback, Financial Times reports.\r \r Source : cnbc.com\r Read more...Subprime is now \u2018nonprime\u2019: High-risk mortgage lending is back","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-line-up-for-zero-down-payment-subprime-mortgages\/","url_meta":{"origin":115332,"position":1},"title":"Thousands line up for zero-down-payment, subprime mortgages","date":"October 13, 2018","format":false,"excerpt":"\r Following the subprime mortgage crisis, low-income borrowers with low credit scores were locked out of homeownership. Now a major player in the subprime crisis is backing new loans to the same borrowers but with a far different product.\u00a0\r \r Source : cnbc.com\r Read more...Thousands line up for zero-down-payment, subprime\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-will-shrink-us-home-prices-by-2-3-nationally-zillow-forecasts-but-deeper-dive-could-be-in-store\/","url_meta":{"origin":115332,"position":2},"title":"Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store","date":"May 4, 2020","format":false,"excerpt":"\r Home prices have only fallen nationally once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall nationally again, down 2-3% this year, according to Zillow.\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-mortgage-bailout-there-is-going-to-be-complete-chaos-says-industry-ceo\/","url_meta":{"origin":115332,"position":3},"title":"Coronavirus mortgage bailout: 'There is going to be complete chaos,' says industry CEO","date":"April 6, 2020","format":false,"excerpt":"\r A broad coalition of mortgage and finance industry leaders sent a plea to federal regulators, asking for desperately needed cash to keep the mortgage system running. This, as requests from borrowers for the federal mortgage forbearance program are flooding in at an alarming rate.\r \r Source : cnbc.com\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116924,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/governments-mortgage-bailout-tally-shrinks-for-the-first-time-since-the-coronavirus-hit\/","url_meta":{"origin":115332,"position":4},"title":"Government's mortgage bailout tally shrinks for the first time since the coronavirus hit","date":"June 5, 2020","format":false,"excerpt":"\r Fewer borrowers are now in mortgage relief programs that allow them to delay their monthly payments due to the coronavirus crisis. The mortgage market, however, is not out of the woods yet. Far from it.\r \r Source : cnbc.com\r Read more...Government's mortgage bailout tally shrinks for the first time\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chief-mortgage-regulator-working-on-plan-for-potential-spike-in-delinquencies-from-coronavirus\/","url_meta":{"origin":115332,"position":5},"title":"Chief mortgage regulator working on plan for potential spike in delinquencies from coronavirus","date":"March 17, 2020","format":false,"excerpt":"\r As the growing economic impacts of the coronavirus roll through the nation, some of the nation's largest mortgage lenders are already getting calls from borrowers, concerned they won't be able to make their monthly payments. Both government and independent regulators for the mortgage industry are now working on plans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115332"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=115332"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115332\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}