HousingWire, June 10, 2020–Kathleen HowleyHUD Secretary Ben Carson’s response at a Senate Banking Hearing Tuesday also comes a year after HUD Assistant Secretary for Congressional and Intergovernmental Relations Len Wolfson …
Category: Top National News
$130 Billion in Small-Business Aid Still Hasn’t Been Used
New York Times, June 10, 2020–Stacy CowleyAs of Tuesday, more than $130 billion was left in the fund, known as the Paycheck Protection Program. Even more striking was the fact …
Republicans Prepare to Punt on the Next COVID-19 Relief Bill
The Hill, June 10, 2020–Jordain CarneyRepublican senators are leaning into their go-slow approach on the next coronavirus bill. Bolstered by last week’s unexpectedly positive jobs report, Senate Republicans are signaling …
U.S. Treasury Chief Says Considering More Direct Payments in Next Coronavirus Aid Bill
Reuters, June 10, 2020–David LawderTreasury Secretary Steven Mnuchin said on Wednesday he would seriously consider more direct payments to individuals in the next phase of coronavirus rescue legislation, adding that …
Mortgage Investors Can Take Heart With Fed Buying ‘Here to Stay’
Bloomberg, June 10, 2020–Christopher MaloneyThe central bank has purchased agency mortgage bonds at a record pace totaling $719 billion — just over $12 billion a day on average — according …
What Happens to Struggling Homeowners When CARES Act Relief Ends?
National Mortgage News, June 9, 2020–Hannah Lang (subscription)Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will …
Fannie Mae, Freddie Mac Forbearance Rate is ‘Manageable,’ Calabria Says
HousingWire, June 9, 2020–Kathleen HowleyMark Calabria, who heads the government’s watchdog agency overseeing Fannie Mae and Freddie Mac, told the Senate Banking Committee on Tuesday that forbearance requests for loans …
Following Messy Start, Enormous Paycheck Protection Program Showing Signs of Buttressing Economy
Washington Post, June 9, 2020–Jonathan O’Connell, Jeanne Whalen, Jeff Stein, Erica WernerAfter a flood of complaints, balky computer systems, changed rules and frantic calls to the Treasury Department, the federal …
As Many as 25,000 U.S Stores May Close in 2020, Mostly in Malls
Bloomberg, June 8, 2020–Kim BhasinAs many as 25,000 U.S. stores could close permanently this year after the coronavirus pandemic devastated an industry where many mall-based retailers were already struggling. The …
TCPA Ruling By Appeals Court Blocks Some Debt Calls
HousingWire, June 98, 2020–Kathleen HowleyThe U.S. Court of Appeals for the Ninth Circuit in San Francisco issued a ruling last week making it harder for lenders to contact borrowers in …