MReport June 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Moving Forward At both the local and national level, government agencies and the housing industry are looking ahead from COVID-19. "catalyst for change" Andrew Weiss, VP, Platform Strategy, Origence, said COVID-19 could cause the mortgage industry to move progress digitally. "hit the ground running" Housing Policy Council President Ed Demarco said the Federal Housing Commissioner nominee Dana T. Wade has the experience and expertise to step into the role and positively impact the housing market. "Not paid later." Democratic Presidential candidate Joe Biden said mortgages and rent should be forgiven throughout the duration of the COVID-19 pandemic. "responsibly simplifies options" FHFA Director Dr. Mark A. Calabria said options provided by Fannie Mae and Freddie Mac are a relief for mortgage servicers as well as borrowers impacted by the coronavirus. "extraordinary time for our country" Brian Montgomery was confirmed as Deputy Secretary of the U.S. Department of Housing and Urban Development, and noted he is ready to work side-by-side Secretary Dr. Benjamin Carson.

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