The Mortgage Bankers Association and a broad coalition of organizations representing financial industry and affordable housing advocates on Saturday released a statement calling on government regulators to provide a source of liquidity to those mortgage servicers that may need additional capacity to support homeowners and renters impacted by COVID-19.
Federal, State Agencies Issue Joint Statement Encouraging ‘Flexibility’ with COVID-Impacted Homeowners
Federal and state regulatory agencies on Friday issued a statement conceding the need for regulatory flexibility as mortgage servicers work with struggling homeowners affected by the coronavirus pandemic.
In this week’s communication, you will find several updates pertaining to MBA’s efforts regarding the coronavirus (COVID-19) pandemic and other industry activities. For additional updates related to COVID-19, please visit MBA's residential community page for helpful resources and other policy developments.
Was it just last month that the nation’s unemployment rate matched a 50-year low? Yes, it was. But that was a lifetime ago in the Age of the Coronavirus.
For commercial real estate markets, a key factor in how we work through this period of uncertainty will be how investors value properties and their incomes. Our experiences in the past two recessions may provide some insights.