SFA responds to comments from FHFA director Mark Calabria that there would be no liquidity facility coming to help servicers struggling from the rise in forbearance due to the coronavirus.
Regulatory Flexibility on Good-Faith Compliance Efforts for Mortgage Servicers Reaching out to Borrowers for COVID-19 Forbearance Options, Industry Requests Servicing Liquidity Facility
Representatives Vicente Gonzalez (D-TX) and Barry Loudermilk (R-GA) led a bipartisan letter to Federal Reserve Chairman Jerome Powell asking that Term Asset-Backed Loan Facility (“TALF”) eligibility be expanded to include loans to private investors in...
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, was signed into law. Among other things, Section 4003 of the CARES Act authorizes $500 billion of liquidity to...
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...
