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The Industry responds to FHFA Director Mark Calabria's views on mortgage servicing Apr 09, 2020

Show notes

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, HousingWire’s Community Editor Brena Nath covers the Mortgage Bankers Association’s response to Federal Housing Finance Agency Director Mark Calabria’s recent comments, regarding the FHFA not making any servicer liquidity available.

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:

FHFA Director Mark Calabria responds to the industry Apr 08, 2020

Show notes

The Daily Download examines the most captivating articles reported from the HousingWire newsroom.

Today, HousingWire’s Community Editor Brena Nath provides us with an overview touch base on Federal Housing Finance Agency Director Mark Calabria’s recent comments regarding a potential deluge of forbearance requests from borrowers. According to Calabria, the housing finance industry shouldn't expect the FHFA to save any nonbank from failing. Digital Producer Alcynna Lloyd also discusses Calabria’s claim that no liquidity facility is coming for mortgage servicers, the appraisal industry’s lack of representation and a new report that identifies which housing markets are likely to be deeply impacted by the coronavirus pandemic.