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

Bloomberg, Apr. 17, 2020–John Gittelsohn
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.