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Biden, Sanders Address Possible Bailout & Mortgage Impact During Presidential Debate

On Sunday evening, presidential candidates Joe Biden and Bernie Sanders met in a debate heavily influenced by concerns over COVID-19—both in setup and content.

Hosted by CNN, the 11th democratic debate was held without an audience with the candidates placed on podiums six-feet apart, a reflection of new measures that are being put in place across the nation to slow the spread of the virus.

Both candidates focused on how the Coronavirus was impacting the national debate, with Sanders calling for a national reform to healthcare

Biden's and Sanders' remarks are not surprising during a weekend already marked by response from the government and industry toward how mortgages will be impacted by Coronavirus.

Earlier on Sunday, the Federal Reserve cut interest rates to zero and announced that over the coming months it will increase its holdings of Treasury securities by at least $500 billion and its holdings and agency mortgage-backed securities by at least $200 billion.

On Saturday, HUD suspended face-to-face requirements in response to the virus.

Editor's note: This is a developing story, please check back.

About Author: Rachel Williams

Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected]

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