COVID-19 Coronavirus News


After Confusion Over Lump Sum Payments, Homeowners Finally Get Clarification On Mortgage Forbearance

On Monday morning, Michelle Contri called her lender to inquire about mortgage forbearance after hearing New Jersey Governor Phil Murphy call on lenders to add any suspended monthly obligations to the end of the loan’s life instead of requiring lump sum repayments. US Bank, though, told her that is not possible, Contri says. So, she Continue Reading


Could COVID-19 become a driving force of Millennial homeownership?

Uncertain times could spur a desire for the stability of homeownership. At the beginning of this year, I decided to store my belongings and live without a home base for a season, living out my dream of being a true digital nomad and exploring the way people live across the U.S. Since I traveled constantly Continue Reading


Who’s getting the $1,200 COVID-19 checks first?

The IRS says it has started distributing emergency aid payments, the $1,200 per person that’s part of the federal government’s effort to take some economic pressure off individuals in this pandemic. The IRS says it has started distributing emergency aid payments, the $1,200 per person that’s part of the federal government’s effort to take some Continue Reading


The Fate of the American Middle Class is in the Hands of Regulators

Last week, Congress passed phase three of its COVID-19 response, the CARES ACT, a $2 trillion stimulus package that has become most well-known for its direct payments of up to $1,200 for many Americans. These payments are a much-appreciated addition to the already enacted policies like the delayed tax deadline, deferred interest on student loan Continue Reading


Coronavirus prompts government to loosen rules on tapping retirement savings

The CARES Act, the legislation just signed into law by President Donald Trump, contains plenty of provisions for those saving for and living in retirement. But experts say those who can take advantage of the new law have lots to consider. The law temporarily loosens the rules on hardship distributions from retirement accounts, giving people Continue Reading


Zoom security bug lets attackers steal Windows passwords

Zoom, the videoconferencing software that’s skyrocketed in popularity as much of the globe sits at home due to the coronavirus outbreak, is quickly turning into a privacy and security nightmare. BleepingComputer reports about a newly found vulnerability in Zoom that allows an attacker to steal Windows login credentials from other users. The problem lies with the way Continue Reading


Homeowners hurt by COVID-19 can delay mortgage payments, but some say they’re anxious and confused about the real cost

Americans struggling to pay their mortgages because they’ve lost a job or income during the coronavirus pandemic can put off that bill for up to a year due to the CARES Act. But while the measures should be creating a feeling of relief, many borrowers have been left anxious because of confusing messages from the Continue Reading


With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

  WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The CARES Continue Reading


Here’s how to get a small business loan under the $349 billion coronavirus aid bill

A network of community banks and financial institutions is gearing up to implement one of the most ambitious economic relief programs in U.S. history as small businesses across the country weather the coronavirus and its economic fallout. The $2 trillion coronavirus relief package signed last week, officially known as the CARES Act, includes nearly $350 billion for Continue Reading


Housing Resources

We have compiled the following list of housing-related information and resources related to the COVID-19 pandemic. If you have any additional information or resources, please contact us at GOVERNMENT RESOURCES Centers for Disease Control Guidelines for Your Home & Family CDC Guidelines for Unsheltered Homelessness CDC Coronavirus Self-Checker Tool US Department of Housing and Continue Reading


Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19

Five federal financial regulatory agencies today issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19. The statement of the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union Administration, Continue Reading


Corona Cash Cometh

Big Businesses and Average Joes are lining up for corona cash. But who’ll get what? This week, Subway and Mattress Firm announced plans to stop paying rent in the coming months due to corona-closures. Millions of workers who recently lost their restaurant and retail jobs would ALSO love to cancel their rent… but they’re even less likely to get Continue Reading


Coronavirus Epidemic: Cause for Concern in Real Estate?

A coronavirus named COVID-19, a flu-like virus, is sweeping the globe, already infecting over 90,000 people since it was first identified in late 2019, after originating from the Chinese city of Wuhan. While there is still uncertainty revolving around how quickly the virus spreads, what the true mortality rate is and who is most at Continue Reading


With mortgage relief in place, stimulus deal targets homelessness, public housing

Getty Images Federal lawmakers came to an agreement early Wednesday on a $2 trillion stimulus package that will provide additional funds to aid the homeless and potentially provide rental assistance to Americans who have been impacted by the economic fallout of COVID-19. The stimulus deal comes a week after President Donald Trump announced a sweeping moratorium Continue Reading


Coronavirus (COVID-19) Resources: All in One

Tips, Tools & Resources Housing, Mortgages & Evictions The two Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, and the U.S. Department of Housing and Urban Development (HUD) announced unprecedented steps to help borrowers impacted by COVID-19 remain in their homes. Fannie and Freddie announced immediate suspensions of foreclosures and evictions for any borrower affected by the fallout Continue Reading


Protecting Your Credit during the Coronavirus Outbreak

As the number of coronavirus cases increases, it is also having a negative impact on the financial health of the economy at large and the economic well-being of individuals across the United States.  The unusual nature of this pandemic has resulted in the temporary closing of schools, cancellation of events and disruption of the distribution Continue Reading


Protected: From testing to quarantine, 4 things to know about your individual rights during COVID-19

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Office of the Comptroller of the Currency – COVID-19 (Coronavirus)

COVID-19 is a respiratory disease caused by a novel (new) coronavirus that was first detected in Wuhan City, Hubei Province, China. The OCC is working cooperatively with all state and federal banking agencies and other organizations to assist regulated institutions and their customers in managing the impact of the outbreak. If you have questions concerning Continue Reading


As The Coronavirus Spreads, It’s Not Business As Usual For Real Estate Agents

Traditional real estate practices have become a tough tightrope to walk in the age of the new coronavirus as agents try to balance job responsibilities with common-sense measures to protect buyers and sellers, and even themselves. As the spring selling season gets underway and the number of coronavirus cases and deaths rises across the United Continue Reading


What is Coronavirus COVID-19?

The recent coronavirus (COVID-19) outbreak is a rapidly evolving situation with new information available each day. It’s important for families to stay up to date on trustworthy facts. These resources provide reliable information and the latest news on COVID-19. What is COVID-19? A new respiratory virus that caused severe pneumonia was first identified in Wuhan Continue Reading