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-Fitch Rtgs: US Non-Bank Mortgage Sector Faces Coronavirus Forbearance Risks

Mar 26, 2020 - ENP Newswire

Non-bank mortgage lenders could experience meaningful strains on their liquidity given the consumer mortgage forbearance programs being proposed by the U.S. government in response to the coronavirus pandemic, says Fitch Ratings.

The pressure on the non-bank mortgage sector is particularly acute at present, given more limited funding profiles compared to banks, and could be exacerbated further as an unintended consequence of the government's mortgage forbearance program.

Under ...