Excluded From Bailouts, Mortgage Servicers Face Cash Crunch
New York Times, Apr. 20, 2020–Alan Rappeport, Matthew Goldstein, Jeanna Smialek
The Mortgage Bankers Association has been lobbying for a lending facility. “What we really want is a statement from the Fed and Treasury that they will create such a facility and it will take time to work out operational details but it will be in place when it’s needed,” said Robert D. Broeksmit, president of MBA.