News Formal

Housing regulator offers further support for mortgage-finance companies

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The U.S. housing regulator on Wednesday announced its second step in as many days to help ease the liquidity strain in the mortgage market.

FILE PHOTO: A 'for sale' is seen outside a single family house in Garden City, New York, U.S. on May 23, 2016. REUTERS/Shannon Stapleton/File PhotoThe Federal Housing Finance Agency said mortgage finance giants Fannie Mae and Freddie Mac would be allowed to buy home loans that have recently entered forbearance or loans where borrowers have stopped making payments.

On Tuesday, the regulator said it would cap the number of payments mortgage companies must advance to investors in some government-backed mortgage bonds, in response to weeks of lobbying by industry groups warning of a brewing crisis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Half of Singapore finance leaders say their company falls short in sustainability reporting: surveySINGAPORE - Half of finance leaders in Singapore said their company falls short in reporting its triple bottom line of people, planet and profit.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »