Josh Migdal is a founding partner of Miami-based complex commercial litigation firm Mark Migdal & Hayden and a mortgage expert. He has been tapped numerous times to provide his expertise and insight on the housing cycle as well as its ramifications, especially now with the widespread pandemic. In this episode, Josh shares his thoughts about the 2021 mortgage market outlook, in addition to:
- How foreclosures will affect the mortgage market and signs that it will be similar to the aftermath of the 2008 Great Recession
- What a successfully deployed vaccine could mean for the mortgage market (i.e. employment recovers, borders open, etc.)
- Why extremely low mortgage rates could create an environment for fraud
- Factors that will affect the refinancing boom and other related industry topics
In the aftermath of the financial crisis, Josh recovered in excess of $30,000,000 for his clients by implementing an innovative legal theory that pinned liability on title insurers for mortgage losses suffered by banks and government-sponsored entities. He is one of only a handful of attorneys in Florida that stridently advocates securing this type of recovery from title insurers on such claims. He was also recently inducted into the University of Miami’s Citizens Board – a prestigious board comprised of more than 270 business, professional and civic leaders who support the university’s programs and philanthropic efforts – as a member of the Class of 2019.