Mortgage lenders, bankers, real estate agents, and more are begging for bailouts as mortgage borrowers cannot make their monthly mortgage payment. Also, some banks run out of certain bills as consumers feel the danger of this debt based economy.
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Title: The Mortgage Industry: Teetering on the Brink of Collapse, Housing Bubble Risks, Bank Bailouts, Bank Runs, and the Emergence of a Cashless Economy
Introduction:
The mortgage industry has long been an integral part of the global economy, providing individuals with the means to purchase homes and investing in the stability of the housing market. However, recent developments have raised concerns about the industry’s robustness. From the looming risk of a housing bubble to the possibility of bank bailouts and bank runs, and the increasing drive towards a cashless economy, significant challenges lie ahead for the mortgage industry.
The Housing Bubble Risk:
The rapid surge in housing prices witnessed in many countries has raised alarm bells for economists and industry experts alike. A housing bubble occurs when property prices drastically exceed their intrinsic value, leading to an unsustainable market boom. This volatile situation can lead to severe consequences, such as defaults on mortgages, foreclosures, and economic instability.
Some argue that the current inflated housing market is fueled by low interest rates, lax lending practices, and speculative investment. As buyers scramble to secure properties, prices soar, often surpassing buyers’ financial capabilities. The housing bubble risk intensifies as these conditions persist, jeopardizing both homeowners and the mortgage industry at large.
Bank Bailouts and Bank Runs:
The consequences of a potential housing bubble extend beyond individual homeowners. Banks and other financial institutions heavily exposed to mortgage loans bear the brunt of the fallout should the bubble burst. In instances where there is a significant number of defaulted mortgages, these institutions may face severe liquidity challenges.
The specter of bank bailouts looms, where governments step in to rescue struggling institutions to prevent a systemic financial crisis. However, such measures can burden taxpayers and create moral hazards, as banks may lack the incentive to adopt responsible lending practices if they believe they will ultimately be bailed out.
Moreover, the possibility of bank runs cannot be disregarded in times of economic uncertainty. If individuals lose confidence in the stability of the mortgage industry or specific financial institutions, mass withdrawals of deposits can occur, exacerbating the cash flow problems faced by banks.
The Cashless Economy:
As the world becomes increasingly digitized, the concept of a cashless economy gains momentum. Evolving technologies and the convenience of mobile payment systems have made cashless transactions more accessible and widespread. The COVID-19 pandemic has also accelerated the transition towards contactless payments, with cash perceived as a potential carrier of the virus.
However, this shift poses challenges for the mortgage industry. While the ease and speed of digital payments streamline transactions, they also open the door to new risks, such as cybercrime and identity theft. Additionally, an overreliance on digital infrastructure can be detrimental in times of system failures or power outages, potentially disrupting mortgage transactions and borrowers’ ability to make timely payments.
Conclusion:
The mortgage industry finds itself at a critical juncture, facing multiple challenges that, if left unaddressed, could lead to its collapse. The risk of a housing bubble, bank bailouts, and potential bank runs underscore the need for stricter regulation, responsible lending practices, and sustainable market mechanisms.
Simultaneously, the growing prominence of a cashless economy necessitates increased cybersecurity measures and contingency plans to ensure the industry’s stability in adverse circumstances.
Moving forward, it is imperative to strike a balance between innovation and cautiousness, safeguarding the interests of both homeowners and the mortgage industry at large. Collective effort from governments, financial institutions, and industry players is crucial to navigate the current uncertainties and pave the way for a resilient and sustainable mortgage sector.
What an insane time to be alive! Bailouts are back and bigger than ever!
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Links to news featured in this episode are here: https://bullboom.blogspot.com/2020/04/mortgage-lenders-bankers-real-estate.html
The prosperity of this nation was tied to honoring Jesus Christ and keeping his Father's commandments (at least HALF of us anyways)…..those days have been gone for 30 years and been worsening with each passing year since…….This END of prosperity is due to our lack of Loving God and Loving our neighbor and it will deepen even further until we RETURN to Jesus Christ….and NOT with our lips……but with our HEARTS and DEEDS.
Looks like they are laughing at us again the Illuminati let's show them we are not to be laugh let wipe that smile off there faces
Whats the best way to short the mortgage market?
Been saving to buy a house before coronavirus became a thing, got approved for $150K which in Houston gets you a nice house in a crappy neighborhood or a crappy house in a nice neighborhood. Hoping things change soon
The real estate is done has the muscle car era this country is over
You cannot fix the end before dealing with the beginning. In other words, you cannot keep home prices inflated while building an economy on air. Sound money and practices is the only way forward.
Coronavirus a Plandemic, a wet dream come true for The Rothchild zionist banksters and Their corporations! Get ready for Superinflation and permanent Debt Slavery for generations to come(you know like Bangladesh) Welcome to the NWO, coming soon to a Town near YOU!
The American Nightmare
Wall Street must collapse for any real change.
Do we know if someone uses the CAREs Act forbearance, will that negatively impact their credit rating or their ability to qualify for a future mortgage loan?
You will never be rich if work 9 to 5 job your compeny will die eventually if you base it on Addiction,Trends or commoties. You may make quick rich scam like figit spinner trend. Yet sustainable. Most compenies in world that are in Debt are American run or owned. It's like they expect uncle sam to bail them out while American consumer purchesing power been going down to core of the earth since 1980
BAck in 1800's Bailouts did not Exist? in 1900's Bailouts came into existence it's wrong. IS USA only country that bailouts
There is a very easy way to stop this madness, completely destroy banks, the "federal reserve" creates recessions and great depressions, the sooner the banking system is destroyed the sooner humanity can progress
Fuck the real estate market.. find a house n move in claim your prize
The blood suckers are going to collapse? What could go wrong?
No savings, no stocks, no precious metals, no cryptos, what do I have to loose? At least I own my car with 275k! Everything is out of control!!
When an economy is in a death spiral ; financial institutions collapsing and massive job losses are the first signs .
We're in the early stages of Great Depression 2.0 That means eventually even banks and grocery stores will close
LET IT CRASH! People should be given their homes due to the Banks criminality! The too big to Banks/lenders are liars and criminals! They obtained mortgages by fraud, because they never lent anyone anything, they have gotten away with forging our signatures making money hands over fists to line their CEO's pockets. On top of that they have gotten away with illegally stealing people homes. I have no empathy for thieves and liars! The Banks can go to hell!
they announced another 6.6 million unemployed and the market shot up 400 points…. 4/9
So Lenders don't have money ???
No, it is not only money being printed. It is a bet on how fast they can make people run in the weel of society.
Here in So. FL:
https://www.wlrn.org/post/sunshine-economy-south-florida-real-estate-and-coronavirus
Homeowners
About four out of seven homeowners in South Florida have a mortgage. Wells Fargo is the largest mortgage lender in the country. In a statement to WLRN, it said it is granting homeowners a three month suspension of payments on mortgages or home equity loans if they ask for it. After the three months is up, how the missed loan payments are treated depends upon a lot of factors, including who owns the actual loan. Banks don’t keep all the loans they issue, so other investors may have different demands. Bank of America also is offering borrowers more time by skipping payments now and tacking them onto the end of the loan.
"I think some [mortgage lenders] will actually add those payments to the back end of the loan so that if people don't have money three months from now, which more than likely they're not going to, they won't lose their homes over it," said housing analyst McCabe.
While he is optimistic that homes priced $400,000 and less will be able to weather the COVID-19 crisis because demand has been high and supply has been tight, McCabe is scared about the job market.
"The big question is going to be how many people lose their jobs from this?" he asks. "I mean, permanently lose them, and to not find other income after this."
I bought my house here in 1983 so don't care. People should repent. The love of money is the root of all evil. Too much greed.
That poor bastard Mr.Cooper. Now he is screwed.
How can it be on the brink of collapse when they have only missed 1 payment.??
Like anyone has had time to fail on a payment yet?
I'm waiting on the sidelines with cash for the housing values to crash, then I will buy a property for a good price.
Doesn't FDIC protect money in the bank? Or is that a lie. Does anyone know? Need to know if I need to do a bank run…
I’m a Broker and it took 3 weeks to fund a deal I was involved with. We had all the signatures we were totally held up because they didn’t have a measly 240k….
I hope it does collapse
@bbbb, doesn’t matter. The Fed owns all. Think of the all the money you’d have if you could print it on your desk jet printer. 😉
That will teach you to avoid investment insurance..
You're voice has changed….its scaring the sh@t out of me. You used to be all spunky hey everybody its jj here now im like woooaaahhhh.
"The current 'middle class' is programmed to be destroyed in the current crisis. The 50% of countries working population make <30,000$, with <1000$ savings and living on credit cards, so i don't see anything good happening here (except for the elite, the elite get richer, and more powerful)."
I love how they say 'big bills'. A hundred dollars can't buy you much of anything anymore.
What do you mean "they did'nt learn anything from 2008"? They know EXACTLY what they are doing!! IT IS INTENTIONAL!!!
I hate paycheck to paycheck deadbeats but giving mortgage companies bailouts instead of just giving that money to the deadbeats is fucking wrong because at the end this companies are still gonna get theirs. Whos ever idea this was is either a complete dumb ass and straight criminal in bed with this companies. My money is on criminal
Silver Scott Mines Inc. up 314.01% over last six months. Is this stock still a good buy?
No big businesses should fail after this ridiculous bailout. Those bastards, how much is enough money?!
WILL TRADE DOLLARS FOR TOILET PAPER
Vegas is screwed
Guess in the next month or so would be a good time to buy a home