These  See Ginnie Mae (2019), “All Participant Memorandum (APM),” webpage (Washington: Ginnie Mae, August 22), https://www.ginniemae.gov/issuers/program_guidelines/Pages/mbsguideapmslibdisppage.aspx?ParamID=1 00; Federal Housing Finance Agency (2020), “FHFA to Re-Propose Updated Minimum Financial Eligibility Requirements for Fannie Mae and Freddie Mac Seller/Servicers,” news release (Washington: FHFA, June 15), https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-to-Re-Propose-UpdatedMinimum-Financial-Eligibility-Requirements-for-Fannie-Mae-and-Freddie-Mac-Seller-Servicers.aspx; and Conference of State Bank Supervisors (2020), “Comments Requested: Prudential Standards for Non-Bank Mortgage Servicers” (Washington: CSBS, September 29), https://www.csbs.org/policy/research-datatools/comments-requested-prudential-standards-non-bank-mortgage-servicers.
The unemployment rate is also now expected to peak at a lower rate than previously – at a little below 8 per cent, rather than the 10 per cent expected three months ago. This upgrade to the near-term outlook is clearly welcome news. At the same time though, we need to recognise that the pandemic has inflicted significant damage on our economy.