Outside the Box: How coronavirus is already threatening the housing market

As the coronavirus pandemic threatens financial markets and sends the U.S. economy into a potential recession, those of us who lead mortgage firms must take swift action to prepare for the worst. The last time the financial markets suffered such a precipitous drop was during the 2008 Great Financial Crisis.

I was CEO of CitiMortgage during and after that crisis and saw firsthand how the housing…

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