Excluded From Bailouts, Mortgage Servicers Face Cash Crunch
New York Times, Apr. 20, 2020–Alan Rappeport, Matthew Goldstein, Jeanna Smialek
The Mortgage Bankers Association has been lobbying for a lending facility. “What we really want is a statement from the Fed and Treasury that they will create such a facility and it will take time to work out operational details but it will be in place when it’s needed,” said Robert D. Broeksmit, president of MBA.
https://www.nytimes.com/2020/04/20/us/politics/coronavirus-housing-mortgages.html?campaign_id=2&emc=edit_th_200421&instance_id=17811&nl=todaysheadlines®i_id=42063674&segment_id=25624&user_id=e670283fb4fff3d4391d6f88569ad498
