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Potential Wave of Mortgage Delinquencies Could Bankrupt the Payment System
CNBC, Mar. 23, 2020–Diana Olick
The Mortgage Bankers Association estimates about a 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.
https://www.cnbc.com/2020/03/23/coronavirus-us-potential-wave-of-mortgage-delinquencies-could-bankrupt-payment-system.html