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Tag Archives: HOUSING

Addressing Nonbank Servicer Liquidity Needs

Ginnie Mae MBS

The Housing Policy Council has released a statement describing the challenges of funding the CARES Act’s mortgage forbearance program and urging federal agencies to quickly announce liquidity support for nonbank mortgage servicers.

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NMSA Proposes COVID-19 Response to Ensure Liquidity, Stability

To address concerns and to introduce ways to mitigate the unintended consequences of announced foreclosure moratoriums, the National Mortgage Servicing Association announced a proposal to ensure that the up to $100 billion in liquidity necessary to provide payment relief for up to 12 million Ginnie Mae homeowners is secured.

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