Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

More U.S. Homeowners Skip Mortgage Payments with J

:More U.S. Homeowners Skip Mortgage Payments with Jobs Vanishing

Mortgage servicers, who are facing a potential liquidity crisis, would need to advance $2.3 billion a month to make good on payments due to investors in government-guaranteed mortgage-backed securities. Another $1.1 billion in lost funds is looming on loans held privately or by non-government-backed MBS.
https://www.bloomberg.com/news/articles/2020-04-17/more-u-s-homeowners-skip-mortgage-payments-with-jobs-vanishing

 

 

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