May 4, 2020 Housingwire.com In today’s Daily Download episode, HW+ Managing Editor Brena Nath covers a PULSE article from former Mortgage Bankers Association President David Stevens, discussing how the Federal Housing Finance Agency’s actions have resulted in significant credit contraction for the mortgage industry. In his HousingWire PULSE article, Stevens says: It is now over one month since the CARES Act was passed, creating a blanket forbearance option for all borrowers in a GSE, FHFA, VA, or USDA loan to skip six to 12 months of payments. Legislation established by Congress with the intent of calming concerns of homeowners across the country has thrust an entirely new credit availability contraction over the entire nation. Because of the rush to pass legislation,… Read More
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