Industry experts have identified the TALF program as a vehicle the government could use to help fund nonbank mortgage servicers.

Democratic lawmakers have urged federal entities to take steps to help servicers. Meanwhile, CFPB issued best practices for MSR transfers.

If servicers’ cash crunch becomes critical, the onus of creating a liquidity facility would fall on the Federal Reserve and Treasury, not on the FHFA, agency Director Mark Calabria said.

House Republicans are pushing Federal Reserve and Treasury to create a liquidity facility for mortgage servicers struggling to fund advances.

Former Freddie Mae CEO Don Layton suggests short- and long-term solutions for the liquidity problems faced by nonbank mortgage servicers.

The support mortgage servicers receive during the coronavirus crisis may be used as a cudgel to enforce key changes.