Within an 18-hour span, lenders and banks got a slew of good regulatory news from Washington D.C.
Announcements by the Federal Reserve, Fannie Mae and Freddie Mac, and federal financial regulators were issued to provide guidance and help to the banking and lending industries to allow the free flow of lending to individuals and businesses as the market has been disrupted by COVID-19.
Read on for more details of each of the announcements and how they answer problems which arose since the recent business disruption.