Savvy Trades and Investments

[cliffvb]

Home builders I just heard that lenders are not closing any loans while the borrower is off work due to the corona virus. They will not close until they get a statement from the borrower's employer that the borrower is working again and at the same wage or salary as he or she was qualified at.
That is no surprise especially considering the new forbearance rules that were issued last week.

With this, I can see where home builders could be stuck with lots of pre sold homes that they can't close. It all depends on how long this slowdown/shutdown lasts.