Sagent’s CTO on why lenders face a K-shaped recovery

Today’s HousingWire Daily episode features an exclusive interview with Sagent Lending Technologies’ Chief Technology Officer, Uday Devalla. In this episode, Devalla discusses his recent HW+ article that explains why he believes lenders now face a K-shaped economic recovery. 

During the interview, Devalla discusses the COVID-19 foreclosure moratoria and the CARES Act, two key housing relief policies ending soon, and what these policy expirations could mean for servicers.

Devalla’s article is part of our HW+ premium membership community. When you go to sign up, use the code “hwpluspodcast100” to get $100 off your annual membership.

For some background on the interview with Devalla, here’s a snippet of the article: 

The 2020 economy is full of curious contrasts. Millions of Americans sought COVID mortgage relief like forbearances while millions more capitalized on refis and flocked to suburbs to buy new or bigger homes at record low rates. And COVID lockdowns led to the worst Q2 and best Q3 GDP quarters in U.S. history. This is also why housing policies were extremely accommodating in Q2 but relatively quiet in Q3. Such is the absurd new normal in this pandemic economy. Now lenders face a K-shaped economic recovery and two key housing relief policies expiring soon.

Let’s review the state of how a fintech strategy helps, starting with a briefing on election implications. 

HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.

HousingWire articles covered in this episode:

• FHFA extends foreclosure, eviction moratorium to February
• What is mortgage forbearance? A comprehensive FAQ
• CFPB Director Kathy Kraninger resigns at Biden’s request
• Biden’s executive order will extend foreclosure moratorium