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Mortgage Borrowers Stop Making Payments with Economy Shut

The percentage of loans in forbearance grew to 2.66 percent as of April 1, according to the Mortgage Bankers Association.

Lenders are cutting back on loans, unless borrowers have a huge deposit or plenty of equity.

Unless things improve within the next two months, there will be a lot of stress on non-bank mortgage servicers.

If the rent for this period is just never paid, there is a risk of a health crisis turning into a banking crisis.

Chancellor Rishi Sunak announces mortgage lenders will offer a three month mortgage payment holiday to those struggling to pay.

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