The Industry responds to FHFA Director Mark Calabria’s views on mortgage servicing
The Daily Download examines the most captivating articles reported from the HousingWire newsroom.
Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.
Today, HW+ Managing Editor Brena Nath covers the Mortgage Bankers Association’s response to Federal Housing Finance Agency Director Mark Calabria’s recent comments on the FHFA’s stance on a liquidity facility for servicers.
According to the MBA, Calabria is sending a troubling message to U.S. borrowers, lenders and the mortgage market at large.
Digital Producer Alcynna Lloyd also discusses Calabria’s recent call out to observers calling forbearance a “mortgage holiday”, the bipartisan Senate push to create a liquidity facility for U.S. mortgage servicers and why the Federal Reserve believes the COVID-19 pandemic warranted a forceful response.
HousingWire articles covered in this episode: