Coronavirus Impact
Coronavirus Impact
“We are delaying the opening of ... [the] comment period until we have some certainty on what the current overall situation is,” said FHFA Director Mark Calabria.

FHFA Director Mark Calabria said the health crisis will complicate the release of a proposal establishing new capital requirements for Fannie Mae and Freddie Mac.

March 18
2 Min Read
News of the temporary freeze came as the administration had faced increasing pressure from members of Congress and housing advocates to halt foreclosures and evictions in response to the worsening economic fallout from the coronavirus outbreak.

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
2 Min Read

The pandemic has upended staffing plans, sparked concerns about servicers’ capacity to handle the expected crush of missed payments, and even raised questions about their ability to stay afloat.

March 17
7 Min Read
The letter from Senate Banking Committee members Elizabeth Warren, D-Mass., and Sherrod Brown, D-Ohio, noted that auto loan debt is the second largest category of non-housing debt behind student loans.

Sens. Sherrod Brown and Elizabeth Warren criticized Director Kathy Kraninger for not issuing any public enforcement actions against auto lenders during her tenure.

March 17
1 Min Read
The Fed's latest action came amid calls from several market observers for the central bank to do more to prop up markets in the face of the virus scare.

The central bank said it was establishing the Commercial Paper Funding Facility to "support the flow of credit to households and businesses."

March 17
2 Min Read
NMN03162020-QuickBridge.png

With small businesses feeling the financial scourge of the coronavirus, bridge loans could be the direction they turn to keep things afloat.

March 17
2 Min Read

A large percentage of Institutional investors lack confidence in the U.S. government’s ability to contain and eradicate the coronavirus outbreak. But few have plans to pull capital out of specific geographic regions due to the pandemic.

March 17
1 Min Read
NMN031620-MBA.png

Add continued growth in commercial and multifamily mortgage debt outstanding to the list of things that the economic fallout from the coronavirus might affect.

March 16
1 Min Read
The Latest