Lenders and Borrowers United Against COVID-19: Unexpected Allies Must Join Forces to Preserve the Financial Services Industry
The Great Recession pitted lenders against borrowers in a financial crisis that produced an estimated 3.8 million foreclosures between 2007 and 2010. There were no winners. People lost their jobs, their homes, and their creditworthiness. The financial services industry was decimated by non-performing loans, bad publicity and the cost of litigation. This can’t happen again, […]