Strained U.S. mortgage firms get support but push for liquidity facility

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WASHINGTON (Reuters) – The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed.

FILE PHOTO: Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson

The Federal Housing Finance Agency said it would cap the number of payments mortgage companies must advance to investors in some government-backed mortgage bonds after weeks of lobbying by industry groups warning of a brewing crisis.

“While this news reduces servicers’

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State health systems strained as coronavirus outbreak spreads

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A view of an empty street in the French Quarter amid the coronavirus (COVID-19) pandemic on March 27, 2020 in New Orleans, Louisiana.

Chris Graythen | Getty Images

The governors of Louisiana and Michigan, two emerging hot spots for the coronavirus pandemic in the U.S., warned their state health systems are straining amid a surge in patients and looming shortages of medical supplies.

Michigan Gov. Gretchen Whitmer said her state’s numbers are “climbing exponentially.” —

“We have hospitals that are already at capacity,” she said Sunday on NBC’s “Meet The Press.” “We’re running out of [personal protective equipment] as well.”

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