‘It’s Going to Be a Liquidity Tsunami:” Mortgage Firms Gear up for Missed Payments

March 25, 2020

The Real Deal (New York), Mar. 24, 2020
The Mortgage Bankers Association is now lobbying Congress and the Trump administration to set up a lending facility that can help make up for the shortfall, which is “is beyond the capacity of the private sector alone to support,” the industry group’s CEO wrote in a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell.
https://therealdeal.com/2020/03/24/its-going-to-be-a-liquidity-tsunami-mortgage-firms-gear-up-for-missed-payments/