Highlights

  • Mortgage borrowers are likely to receive significant support in loan servicing during the COVID-19 economic crisis, leading to substantially fewer foreclosures and less distressed inventory.
  • As of early May 2020, the housing mortgage markets are largely frozen and is expected to remain that way until government employees are allowed to return to work and land registries and courthouse reopen.
  • Loomis, Sayles, & Company believes that attractive opportunities exist in the mortgage and housing markets for value-based investors with a long-term horizon.

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