Key Democrats Urge Munuchin, Powell to Rescue Mortgage Servicers

Bloomberg, Apr. 15, 2020–Elizabeth Dexheimer
The Fed and Treasury should use powers given to them under recent stimulus measures to provide liquidity to servicers facing shortfalls, House Financial Services Chairwoman Maxine Waters and Sherrod Brown, the top Democrat on the Senate Banking Committee, said in a letter Wednesday. Steps that government-sponsored Ginnie Mae have taken may not be enough, the lawmakers wrote.