A new Federal Housing Finance Agency (FHFA) plan sets a servicer obligation limit for enterprise-backed loans in forbearance during the pandemic.
FHFA Director Mark Calabria said the plan provides stability and clarity to the housing finance market. But Conference of State Bank Supervisors (CSBS) President and CEO John Ryan said more needs to be done to help servicers fund their obligations.
Read on for details on the FHFA’s announcement.
TO READ THE FULL STORY
Cover Story: