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 …
Category: Top National News
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 …
GSE Capital Plan Would Make Buying a Home More Expensive, Critics Say
National Mortgage News, June 8, 2020–Hannah Lang (subscription)Housing experts are increasingly concerned that the Federal Housing Finance Agency’s new proposal to require ample amounts of more capital for Fannie Mae …
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 …