The Mortgage Bankers Association joined other industry trade groups in a letter Monday to the Federal Communications Commission, arguing that mortgage servicing calls (and other financial institution notices) should be deemed emergency calls by the FCC and exempt from the Telephone Consumer Protection Act during the COVID19 emergency.
Three federal agencies on Friday announced actions to allow banking organizations to continue lending to households and businesses: providing an optional extension of the regulatory capital transition for the new credit loss accounting standard; and allowing early adoption of a new methodology on how certain banking organizations are required to measure counterparty credit risk derivatives contracts.
MBA hosted a webinar on Friday, March 27 with commercial real estate finance industry leaders to discuss COVID-19’s impacts on the industry.
Pending home sales rose for the second straight month in February—perhaps one last lagging indicator before the coronavirus fallout—the National Association of Realtors reported yesterday.
Last week provided our first indication of just how severe the shutdown of the U.S. economy could be, as Americans combat the ongoing spread of the coronavirus.