MBA, Trade Groups Release Statement Urging Regulators to Establish Liquidity Facility

The Mortgage Bankers Association and a broad coalition of organizations representing financial industry and affordable housing advocates on Saturday released a statement calling on government regulators to provide a source of liquidity to those mortgage servicers that may need additional capacity to support homeowners and renters impacted by COVID-19.

FHFA Moves to Provide Eviction Suspension Relief for Renters

Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance if they suspend all evictions for renters unable to pay rent due to coronavirus, the Federal Housing Finance Agency announced Monday.

Fed Revs Up Efforts to Stem Economic Effects of Coronavirus

The Federal Reserve, in its most aggressive actions yet, announced further steps this morning to mitigate the economic impact of the coronavirus pandemic, including actions strongly advocated for over the weekend by the Mortgage Bankers Association.