4-27-20 Forbearance, The Fed, and The Future of Housing

What is the issue associated with "forbearance" and how could this play out in a "Covid" economy?

In this episode of Lykken on Lending we're excited to have Dan Habib joining us to discuss what he's seeing when it comes to forbearance, the Fed and how this could impact the future of housing!

Dan Habib has been involved in the mortgage industry for over 16 years. He was an integral part of Mortgage Market Guide, founded by Barry Habib, where he was the director of sales and helped the company grow to be ubiquitous within the industry.

Dan later worked at Morgan Stanley as a Financial Advisor, where he was a member of the #1 ranked Barron’s financial advisory team in NJ. Dan has held his series 7, 63, 65, 31, and Life and Health insurance licenses.

He is currently the Executive Vice President and one of the founders of MBS Highway.

Dan has been instrumental in all aspects of MBS Highway’s significant growth over the past 7 years.
Dan is also a sought-after speaker due to his extensive knowledge on the mortgage and real estate markets.

Topics Covered in this Episode:

1. What is the issue with forbearance?
2. How is forbearance impacting Servicers?
3. What has the Fed done to stabilize the market?
4. The Fed's actions causing margin calls and what they are doing now.
5. The future of interest rates and housing.