MReport spoke with mortgage industry veteran Frank Pallotta as he approached Election Day in his run for congress in the 5th District of New Jersey.
Read More »Treasury: No Plans for Servicer Funding Facility ‘At This Time’
Bloombergreports that Treasury Secretary Steven Mnuchin said that there are currently no plans to create a Federal Reserve facility to inject funding into nonbank mortgage servicers. He added ...
Read More »Challenges in Servicer Liquidity
Here's how nonbank servicers are dealing with increased forbearance, as growing market uncertainty creates market volatility.
Read More »Mortgages in Forbearance Increase to More Than 3%
A growing number of lawmakers are seeking the federal government's assistance to provide a liquidity facility for mortgage servicers.
Read More »Ginnie Mae Approves Servicer Liquidity Facility
Click through to read more on the announcement form Ginnie Mae on an agreement that would permit it to advance finances.
Read More »Ginnie Mae Aiding with Liquidity Issues Due to COVID-19
A release states the program should be used as a “last resort” and any money borrowed is to be paid back.
Read More »Quarles: “Lending Growth, Fewer Nonperforming Loans”
Here’s what Randal Quarles, Vice Chairman of the Fed had to say about the Board’s progress on the Dodd-Frank Reforms Act’s implementation during his semiannual testimony.
Read More »FHFA’s 2018 Goals: Liquidity, Stability, Access in Housing Finance
The Federal Housing Finance Agency (FHFA) released its strategic four-year plan from 2018 to 2022 reflecting the agency’s priorities as the regulator of the Federal Home Loan Banks ...
Read More »Got Capital? Banks Will Have to Prove It
Under a newly proposed rule, the largest U.S. banks will have to prove that they have enough cash set aside for business operations up to a year to lower liquidity risk among the institutions to reduce the chances of yet another crash.
Read More »GSEs 2016 Focus: Liquidity, Credit Access, and Common Securitization
The Federal Housing Finance Agency (FHFA)’s 7-year-old conservatorship of Fannie Mae and Freddie Mac will continue for at least another year despite the fact that it was meant to be temporary.
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