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

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.