The credit markets faced a deepening crisis on Monday, as several funds who own mortgage bonds sought to sell billions of dollars in assets. Amid the crisis, SFA asked government leaders to step in, in a letter to the Fed.
Responding to the COVID-19 pandemic the Trump Administration announced it would suspend foreclosures and evictions for mortgages insured by the Federal Housing Administration (FHA) until the end of April.
On Wednesday, March 10, Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger appeared before the Senate Committee on Banking, Housing and Urban Development to deliver the CFPB’s Semi-Annual Report to Congress.
Recentlythe American Bankers Association, the National Association of Realtors, the Mortgage Bankers Association and two dozen other industry groups wrote a letter to Congress advocating against lowering G-Fees.