On March 31, the Structured Finance Association signed onto a joint letter to Securities and Exchange Commission Chair Jay Clayton urging the SEC to set and enforce equal implementation time frames on accounting standards and...
The replay of SFA’s webinar analyzing the recent regulatory and legislative developments in response to COVID-19 and the overall impact to our industry is now available.
On March 27, the House of Representatives approved, and President Donald Trump signed, the CARES Act into law. This is the third piece of legislation to address the coronavirus pandemic and follows enactment of the...
Late Wednesday night, March 25, the Senate passed the third piece of legislation aimed to combat the economic consequences of the COVID-19 pandemic.
Section 4022 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act covers a nationwide foreclosure moratorium and the consumer’s right to request a forbearance. The requirements in this section applies only to “Federally-backed mortgages”,...
In response to the economic dislocation brought on by the coronavirus pandemic, the Fed dusted off another powerful crisis-era tool. On March 23, the Fed established the Term Asset-Backed Securities Loan Liquidity Facility (TALF) to...
COVID-19, social distancing, a declaration of a national emergency, and an oil price war all arrived in the U.S. in March. SFA takes a look at the potential impact of recent events on the CLO...
On Wednesday March 18, Federal housing regulatory agencies —along with Fannie Mae and Freddie Mac (GSEs)— announced measures intended to provide relief for borrowers, homeowners, and renters faced with financial difficulty stemming from the COVID-19...
Senators failed to invoke cloture on a procedural motion that would have lined up a vote on final passage of Leader McConnell's revised CARES Act, significantly decreasing the likelihood of final passage today.
