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The Treasury secretary said recent government moves will help the firms get through the risk of millions of borrowers missing their loan payments.
April 24 -
Financial institutions could testify before the bipartisan commission overseeing the unprecedented economic aid for industries hit by the COVID-19 pandemic. But without subpoena authority, the panel’s impact may be limited.
April 22 -
FHFA head Mark Calabria and his FSOC counterparts need to sit down with the Treasury and fashion an emergency capital plan for the GSEs.
April 13Whalen Global Advisors LLC -
The CARES Act does not define what a covered period is when it comes to residential mortgage borrower requests for forbearance.
April 7McCarter & English LLP -
Simply stated, the federal forbearance of mortgage payments is perhaps the largest unfunded public mandate in American history.
April 1Whalen Global Advisors LLC -
Treasury Secretary Steven Mnuchin reiterated Thursday that he wants U.S. financial markets to remain open even as the coronavirus fuels wild volatility, while adding that he's focused on helping mortgage firms expected to be hit hard by the pandemic’s spreading economic pain.
March 27 -
New York Gov. Andrew Cuomo promised a 90-day moratorium on mortgage payments for financially strapped New Yorkers because of the coronavirus.
March 20 -
The temporary foreclosure moratorium on loans backed by HUD, Fannie Mae and Freddie Mac comes after lawmakers and housing advocates had pushed for steps to avoid consumers getting booted from their homes.
March 18 -
The Trump administration is considering a plan to allow homeowners whose income was cut by the coronavirus to delay mortgage payments. Still to be decided is a mechanism for borrowers to catch up.
March 17 -
Banks may be protected from a direct hit, but they have invested in vehicles that include such loans, potentially exposing them to defaults.
March 11