Bloomberg Businessweek

A Suddenly Fra gile Mortgage Market

• Wall Street is rattled by concerns about debt payments and a shortage of funds

The $16 trillion U.S. mortgage market—epicenter of the last global financial crisis—is suddenly experiencing its worst turmoil in more than a decade. Unlike last time, risky mortgages aren’t the cause. Instead, the pandemic is threatening to make good loans go bad and causing funding for some new loans to dry up.

Measures to slow the spread of the disease have slammed the brakes on

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