Mortgage industry can't make the rent

The problem is that mortgage servicers, even after granting homeowners forbearance, are still on the hook with investors to continue paying principal and interest on the mortgages. They also must make payments to mortgage insurers, property insurers and local tax authorities.

Maybe serve them a 48 hour pay-or-quit.

https://www.cnn.com/2020/03/26/business/mortgage-payment-coronavirus-stimulus-federal-reserve/index.html

#covid19 #EconomicImpacts #housing #rent #assets

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