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LendingHome Says Its Loans Are Beating 'Doom and Gloom'

LendingHome CEO Matt Humphrey said that the company, which often lends to people flipping single-family residences, has seen better financial performance than indicated by the national data. So reports the San Francisco Business Times.

“We’ve seen lower deferrals and forbearance than... all the kinds of doom and gloom you’re seeing with respect to general mortgage markets,” Humphrey is quoted as saying. “We’ve actually had significantly less than a lot of the headline numbers.”

Recent statistics from the Mortgage Bankers Association statistics show that more than 4 million U.S. mortgage borrowers have paused or lowered payments due to the coronavirus.

Read the full article form the San Francisco Business Times.

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