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