Resource Archives
CFPB and FHFA Announce Borrower Protection Program
Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced the Borrower Protection Program (the Program), a new joint initiative that enables CFPB and FHFA to share servicing information to...
Chairwoman Waters and Ranking Member Brown Call on the Fed and Treasury To Address Servicer Liquidity
On April 15, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, and Representative Maxine Waters (D-CA), Chairwoman of the House Committee of Financial Services, sent a letter...
PTAP/C19: Ginnie Mae’s “Last Resort” Financing Option for Mortgage Servicers
Ginnie Mae recently announced that it would create a liquidity facility of last resort, and on Monday provided further guidance to industry participants on how the Pass Through Assistance Program for COVID-19 (PTAP/C19) will operate....
SFA Research Corner: Fed’s Extraordinary Measures During These Extraordinary Times
Extraordinary times call for extraordinary measures. And the Fed continues to respond appropriately. On April 9, the Federal Reserve once again drew on its full range of authorities to expand and establish lending facilities to...
The COVID-19 Pandemic Requires Bigger and Different Thinking Than 2008
SFA’s CEO illustrates why innovative thinking coupled with bold action is vital to the economic health of US households and businesses in the wake of Covid-19.
21 Republican HFSC Members Send Letter To Treasury Urging Action To Address Mortgage Servicer Liquidity
Representative Lee Zeldin (R-NY,1) led a joint letter urging Treasury to use the funds appropriated in the CARES Act to finance the measure’s mortgage forbearance provisions.
Structured Finance Association Applauds Fed Actions To Provide up To $2.3 Trillion in Loans To Support the Economy
SFA says additional action needed to support critical asset classes.
Federal Reserve Announces $2.3 Trillion in Loans To Help Businesses
In light of the developing coronavirus pandemic, the Federal Reserve has created several programs to support the corporate credit, asset-backed securities, money market, and commercial paper markets. SFA applauds these actions.
Bipartisan Senate Letter To Treasury Secretary Calls for Urgent Action To Address Mortgage Servicer Liquidity
Senator Mark Warner (D-VA) led a bipartisan letter to Treasury Secretary Steven Mnuchin regarding liquidity concerns in the housing market and called for urgent action to address the liquidity challenges currently facing mortgage servicers.