“I’ve seen no indication so far that they’ve thought about their role in owning those securities as anything other than monetary policy, but it’s my belief that they have the power to do that kind of thing,” Van Tol says.
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According to Jesse Van Tol, the CEO of the National Community Reinvestment Coalition, a blanket national halt to evictions and foreclosures would help policymakers get ahead of any uptick in delinquencies and defaults, preventing the government form “reacting to it and playing catch-up,” he told American Banker.