US housing regulator supports mortgage companies

The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed. The Federal Housing Finance Agency said it would cap the number of payments

BY Realty Plus
Published - Thursday, 23 Apr, 2020

US housing regulator supports mortgage companies

The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed. The Federal Housing Finance Agency said it would cap the number of payments mortgage companies must advance to investors in some government-backed mortgage bonds after weeks of lobbying by industry groups warning of a brewing crisis.