As COVID-19 continues to cause havoc across many sectors, FitchRatings says the country's mortgage market is well positioned towithstand forbearance programs.
Another wave of the coronavirus in the fall, though, couldchange things, it said.
Johann Juan, senior director of non-bank financial institutionsfor Fitch, told GlobeSt.com that "the takeaway is that borrowersare less likely to walk away from their homes because they havemore skin in the game. Statistics show that less than 10% ofborrowers are under water on their mortgages."
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Robert Storace
Robert Storace covers legal trends, lawsuits and analysis for the Connecticut Law Tribune. Follow him on Twitter @RobertSCTLaw or reach him at 203-437-5950.
