Archive for March, 2020

Servicers face “greatest nightmare ever” as coronavirus spreads

There is no question that mortgage originators have faced difficulties in the past few weeks. But for servicers, the situation is much more dire as they face problems on multiple fronts caused by the virus, along with the increase in demand. Read full story Read more

Fed ready to inject more than $5T into system

The Federal Reserve will offer to inject a total of more than $5 trillion in liquidity into funding markets in coming weeks to manage short-term financing rates. Read full story Read more