Industry Headlines with Kevin Kauffman & Fred Weaver

Bank of America will allow borrowers to pause their mortgage payments

Coronavirus forbearance is here

 

https://www.housingwire.com/articles/bank-of-america-will-allow-borrowers-to-pause-their-mortgage-payments/ (deferral of payments)

 

Zillow pauses iBuying nationwide amid coronavirus pandemic

The company will pause any plans for expansion, too

 

https://www.housingwire.com/articles/zillow-pauses-ibuying-nationwide-amid-coronavirus-pandemic/

 

 

 

Fed announces unlimited purchases of MBS and Treasuries, adds multifamily mortgages

https://www.housingwire.com/articles/fed-announces-unlimited-purchases-of-mbs-and-treasuries-adds-multifamily-mortgages/

 

 

SoftBank to Sell $41 Billion in Assets, Signaling End of Buying Spree

Japanese tech giant it would sell assets to prop up its plunging stock price and shore up its debt-laden balance sheet

https://www.wsj.com/articles/softbank-to-sell-41-billion-in-assets-plans-big-share-buyback-11584944934?mod=hp_lista_pos3

 

Servicer overwhelm just beginning