HousingWire, Mar. 19, 2020–Brena Nath, Alcynna LloydThe Mortgage Bankers Association is working in overdrive right now to serve as a first line of defense for the industry. The coronavirus continues …
Category: Top National News
Calabria Delays GSE Capital Rules, Citing COVID-19 Crisis
HousingWire, Mar. 18, 2020–Kathleen HowleyFederal Housing Finance Agency Director Mark Calabria said on Wednesday the COVID-19 pandemic will cause him to postpone the release of the capital proposal for Fannie …
Consumers Face a Massive Credit Crunch. Lenders Are Still Figuring Out What To Do
Wall Street Journal, Mar. 19, 2020–AnnaMaria Andriotis, Ben Eisen (subscription)U.S. consumers are facing what could become the biggest credit crunch since the Great Depression. Lenders and credit-reporting firms aren’t sure …
Racing to Head Off Evictions and Foreclosures
New York Times, Mar. 19, 2020–Conor Dougherty, Matthew Goldstein, Emily FlitterMembers of the Mortgage Bankers Association, a trade group, and other housing-industry figures began telling White House officials this week …
Hotel Industry Seeks $150B Bailout as Marriott Begins Furloughs
The Real Deal, Mar. 18, 2020The hotel industry is coming to White House hat in hand as the coronavirus pandemic has chilled global travel. The American hospitality industry asked the …
Small Mortgage Companies Seek Suspension of Tighter GSE Requirements
National Mortgage News, Mar. 18, 2020–Bonnie Sinnock (subscription)https://www.nationalmortgagenews.com/news/small-mortgage-companies-seek-suspension-of-tighter-gse-requirements
As Homeowners Wait Out Coronavirus, Some Rush to Refinance
Wall Street Journal, Mar. 18, 2020–Katy McLaughlin (subscription)In these tough times, a rare silver lining has come in the form of mortgage refinancings—an effect of the stock market sell off …
Chief Mortgage Regulator Working on Plan for Potential Spike in Delinquencies from Coronavirus
CNBC, Mar. 17, 2020–Diana OlickAs the growing economic impacts of the coronavirus roll through the nation, some of the nation’s largest mortgage lenders are already getting calls from borrowers, concerned …
Coronavirus Case Closes CFPB Offices
National Mortgage Professional, Mar. 17, 2020Employees at the Washington, D.C., and New York offices of the Consumer Financial Protection Bureau have been instructed not to report to their offices and …
Fed to Create Emergency Backstop for Commercial Debt Market
American Banker, Mar. 17, 2020–Hannah Lang (subscription)The Federal Reserve said it will use emergency authority to provide a liquidity backstop for commercial debt issuers as the coronavirus scare has raised …