The Industry responds to FHFA Director Mark Calabria's views on mortgage servicing

The Daily Download examines the most captivating articles reported from the HousingWire newsroom.

Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

Today, HousingWire’s Community Editor Brena Nath covers the Mortgage Bankers Association’s response to Federal Housing Finance Agency Director Mark Calabria’s recent comments, regarding the FHFA not making any servicer liquidity available.

According to the MBA, Calabria is sending a troubling message to U.S. borrowers, lenders, and the mortgage market at large.

Digital Producer Alcynna Lloyd also discusses Calabria’s recent call out to observers calling forbearance a “mortgage holiday”, the bipartisan Senate push to create a liquidity facility for U.S. mortgage servicers and why the Federal Reserve believes the COVID-19 pandemic warranted a forceful response.

HousingWire articles covered in this episode:

• • MBA “strongly disagrees” with FHFA Director Calabria’s stance on servicing
  • Calabria does not expect widespread delinquencies due to coronavirus
  • Bipartisan Senate push for FSOC to create liquidity facility for servicers
  • COVID-19 pandemic warranted forceful response, Fed says