NCSHA Joins Mortgage Industry Groups in Statement on Liquidity
On April 3, NCSHA joined the Mortgage Bankers Association and other major national organizations in a statement urging the Treasury Department, the Federal Reserve, and FHFA to provide liquidity to mortgage servicers needing additional capacity to support homeowners and renters impacted by the coronavirus and eligible for government forbearance programs. The statement also expresses appreciation to Ginnie Mae for its intention to establish a liquidity facility for single- and multifamily issuers and points out one is needed also for Fannie Mae and Freddie Mac loans.
