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iEmergent projects total mortgage originations to top $4.1 trillion in 2020, which will be the biggest year of mortgage originations in U.S. history. Read more about the impact of the coronavirus on the housing market, and how it contributed to this record year.

Despite health, social, political and economic disruption unlike any seen in the past century, mortgage originations soared in 2020 - due to a refinance boom driven by historically-low rates. Purchase mortgage activity may see a drop of as much as 20% as a result of widespread unemployment and economic uncertainty resulting from the COVID-19 pandemic.

As the COVID-19 pandemic continues, its impact on the housing and mortgage industry is constantly changing - especially in how it effects the size and composition of the homebuyer pool. What does this mean for the 2020 purchase mortgage lending?

The coronavirus will greatly shift the number of U.S. households that are ready, willing, and able to buy a home. This blog provides interesting detail about how COVID-19 will reduce the homebuyer pool, and how the 2020 mortgage lending market will drop considerably as a result.

The U.S. now leads the world in coronavirus cases, and there are no signs of it slowing down soon. As U.S. unemployment claims hit a record high and the world economy shifts in unprecedented ways, there will undoubtedly be a profound impact on housing and lending.