MBA Statement on Ginnie Mae’s Intention to Create a Lending Facility
|Rob Van Raaphorst|
WASHINGTON, D.C. (March 27, 2020) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding Ginnie Mae's announcement that it intends to create a lending facility due to the effects and impact of the COVID-19 pandemic.
"MBA commends Ginnie Mae for its intention to create this program, which will allow many servicers to better help consumers affected by the coronavirus via mortgage payment forbearance.
"MBA looks forward to continuing to work with Ginnie Mae and other policymakers and stakeholders on ways to best protect consumers during this pandemic."