See https://library.nclc.org/major-consumer-protections-announced-response-covid-19
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Posted on March 27, 2020 by Neil Garfield
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worth reading…
https://www.zerohedge.com/markets/fictional-reserve-lending-new-official-policy
“As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.”
Any private loan claimed “TRUST” is not federally backed. So if the fed steps in — who are they going to allow servicer advances on behalf of??? A predicament for Mr. Mnunchin – NO??? . Who is Mr. Mnunchin going to call – his own Ghost Busters?
https://www.cnn.com/2020/03/26/business/mortgage-payment-coronavirus-stimulus-federal-reserve/index.html