On May 12, 2020, the Federal Reserve Bank of New York (the Federal Reserve) announced further updates to the 2020 Term Asset-Backed Securities Loan Facility (TALF 2020), including an updated term sheet and its release of the...more
Under the Coronavirus Aid, Relief and Economic Security Act (CARES Act), all principal and interest payments on federally held student loans are automatically suspended through September 30, 2020. Individuals are not required...more
On April 4, 2020, the Mortgage Bankers Association (MBA) and the following mortgage industry trade groups released a statement calling on the Federal Housing Finance Agency, the Federal Reserve, and the Department of the...more
In the face of the COVID-19 pandemic and the resulting economic downturn, housing advocates and lawmakers have called for a nationwide moratorium on foreclosures. On March 18, U.S. Department of Housing and Urban Development...more
4/3/2020
/ Borrowers ,
CARES Act ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Eviction ,
Foreclosure ,
Homeowners ,
Landlords ,
Moratorium ,
Mortgage Lenders ,
Relief Measures ,
Tenants
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”). This alert summarizes key structured finance and secondary market loan trading provisions of the...more