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S&P 500 logs best week since 1974

EditorCNNApril 9, 2020

The coronavirus crisis could lead to extensive problems for the mortgage industry. The Federal Reserve is keeping a close eye on the sector in order to avert a crisis, and in particular is focusing on mortgage servicers.

Home owners who are financially harmed by the coronavirus outbreak can postpone their mortgage payments under the terms of the government’s economic relief package. The mortgage servicers themselves, however, are still on the hook for monthly payments, and their balance sheets might not be able to handle the volume of payments coming their way.

“The mortgage market is at the center of our economy,” said Federal Reserve Chairman Jerome Powell on a Brookings Institute webinar this morning.

The industry is calling for the government to provide a backstop.

Mortgage forbearances are already skyrocketing. According …continued .
[Original Source: CNN]

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Canada vaccine panel recommends 4 months between COVID doses

Updates /

Canada vaccine panel recommends 4 months between COVID doses

Emergent BioSolutions says it can make 1 billion Covid vaccine doses annually

Updates /

Emergent BioSolutions says it can make 1 billion Covid vaccine doses annually

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Updates /

Plan to Ditch the Mask After Vaccination? Not So Fast.

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