Resource Archives
Senate Passes CARES Act
Late Wednesday night, March 25, the Senate passed the third piece of legislation aimed to combat the economic consequences of the COVID-19 pandemic.
SFA Analysis of Section 4022 of CARES Act
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”,...
SFA Research Corner: TALF Resurrected
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...
SFA Research Corner: COVID-19’s Impact on the CLO Market
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...
Housing Regulators, GSEs Announce Programs To Assist Borrowers
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...
“Phase III” Coronavirus Response Bill Stalls in Senate
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.
Senate Majority Leader McConnell releases “Phase III” coronavirus bill
On Thursday, March 19, Senate Majority Leader Mitch McConnell (R-KY) officially introduced his “Phase III” legislation aimed at stemming the impact of COVID-19.