G2TT
来源类型Brief
规范类型简报
A Liquidity Vehicle for Mortgage Servicing Advances Is in Consumers' Best Interest
Karan Kaul
发表日期2020-04-09
出版年2020
语种英语
概述In response to the COVID-19 crisis, federal mortgage agencies have rolled out up to 12 months of mortgage forbearance for consumers facing hardships. The scale of these programs is monumental, covering 33.4 million loans with an unpaid principal balance of $6.9 trillion. Unfortunately, while borrowers are not making mortgage payments during forbearance, mortgage servicers are still contractually required to pick
摘要

In response to the COVID-19 crisis, federal mortgage agencies have rolled out up to 12 months of mortgage forbearance for consumers facing hardships. The scale of these programs is monumental, covering 33.4 million loans with an unpaid principal balance of $6.9 trillion. Unfortunately, while borrowers are not making mortgage payments during forbearance, mortgage servicers are still contractually required to pick up the tab and send payments to the end investor. This obligation threatens to create cash-flow problems for servicers, creating a liquidity crunch. We need the federal government to establish a liquidity facility to finance these payments. Left unaddressed, this situation will quickly erode servicer finances in a matter of weeks, pushing many firms into insolvency and leaving vulnerable borrowers stranded at the worst possible time.

主题Economic Growth and Productivity ; Finance ; Housing and Housing Finance ; Income and Wealth
URLhttps://www.urban.org/research/publication/liquidity-vehicle-mortgage-servicing-advances-consumers-best-interest
来源智库Urban Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/480956
推荐引用方式
GB/T 7714
Karan Kaul. A Liquidity Vehicle for Mortgage Servicing Advances Is in Consumers' Best Interest. 2020.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
liquidity-vehicle-fo(240KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Karan Kaul]的文章
百度学术
百度学术中相似的文章
[Karan Kaul]的文章
必应学术
必应学术中相似的文章
[Karan Kaul]的文章
相关权益政策
暂无数据
收藏/分享
文件名: liquidity-vehicle-for-mortgage-servicing-advances-is-in-consumers-best-interest_1.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。