Potential wave of mortgage delinquencies could bankrupt the payment system

Hits: 0

Mortgage bankers estimate that if a quarter of borrowers 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. Source

Be the first to comment

Leave a Reply

Your email address will not be published.


*


sixteen − fifteen =