MBA Outlines Industry Priorities for Next COVID-19 Relief Package

The House has its wish-list for the next round of relief stemming from the coronavirus pandemic—a $3 trillion package that has no chance of passing into law. The Senate is working on its own version—which also has no chance of passing. To help Congress out, the Mortgage Bankers Association provided House and Senate leadership with its legislative priorities for the next relief package.

MBA Takes Issue with Calabria’s Downplay of Need for Servicer Liquidity Facility

The Mortgage Bankers Association called “troubling” comments by Federal Housing Finance Agency Director Mark Calabria in which he dismissed the immediate need for a federally backed liquidity facility to assist mortgage servicers with forbearance efforts resulting from the coronavirus pandemic.

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.