Coronavirus US: Potential wave of mortgage delinquencies could bankrupt the payment system

Posted from: https://www.cnbc.com/2020/03/23/coronavirus-us-potential-wave-of-mortgage-delinquencies-could-bankrupt-payment-system.html

The MBA estimates that if approximately one-quarter of all borrowers request and are granted loan forbearance for six months or longer, demands on servicers could exceed $75 billion and could climb well above $100 billion. That would easily bankrupt the mortgage finance system….

Posted from: https://www.cnbc.com/2020/03/23/coronavirus-us-potential-wave-of-mortgage-delinquencies-could-bankrupt-payment-system.html

The MBA estimates that if approximately one-quarter of all borrowers request and are granted loan forbearance for six months or longer, demands on servicers could exceed $75 billion and could climb well above $100 billion. That would easily bankrupt the mortgage finance system….

Leave a Reply

Your email address will not be published. Required fields are marked *