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Black Knight's Deep Dive on Housing, Mortgages, and COVID
Friday, April 3, 2020
Black Knight
has taken what will probably prove to be only their first in-depth analysis of
the potential effects of the COVID-19 pandemic on the economy and specifically on
the U.S. housing and mortgage markets. The paper looks at the current state of
the market, key drivers of the pandemic on the housing and mortgage industries
and models some possible outcomes. We are extremely pleased that they have used
mortgage rate information from MortgageNewsDaily for some of their
calculations. Because it is their business, Black Knight, also makes a lot of
recommendations as to how technology can mitigate some of the most dramatic impacts. The company notes
that the situation at present is incredibly fluid and dynamic, "and underlying
facts and assumptions in this report may need to be revisited as the true
global, national and local impacts of the COVID-19 pandemic, and the nation's
response, become more clear. There are, at present, far too many unknowns to
have any true certainty regarding forecasted impacts."
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