COVID-19 Coronavirus News


Coronavirus (COVID-19) Information for Bankers and Consumers

The FDIC is working with federal and state banking agencies, as well as, financial institutions to consider all reasonable and prudent steps to assist customers in communities affected by the Coronavirus (COVID-19). In addition, the agency is monitoring information issued by international and U.S. health organizations. Regulatory agencies have encouraged financial institutions to work with Continue Reading


Working Remotely With Your Team and Your Clients

Tips to Remain Impactful and Organized Without Being Physically Present As we are all being made aware, our businesses—and our lives in general—sometimes demand that we find ways to be effective without actually being physically present. Today, in the midst of the global coronavirus pandemic, we are clearly faced with that challenge, and we need Continue Reading


Fannie Mae, Freddie Mac, HUD suspending all foreclosures and evictions

Foreclosure moratorium will last for 60 days. Cities and states across the country are already suspending evictions and foreclosures in response to the spread of the coronavirus, but the federal government is taking the biggest step so far to keep people in their homes. President Donald Trump announced Wednesday that the Department of Housing and Urban Development is suspending Continue Reading


FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages

Washington, D.C. – Today, to help borrowers who are at risk of losing their home, the Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the Enterprises) to suspend foreclosures and evictions for at least 60 days due to the coronavirus national emergency. The foreclosure and eviction suspension applies to homeowners with an Continue Reading


House-hunting? In the age of the coronavirus, you might have to do virtual tours

Many of Los Angeles’ top real estate brokerages — including Compass, Douglas Elliman, Hilton & Hyland and Deasy Penner Podley — are telling their agents to work from home as the area deals with the spread of the novel coronavirus. The office closures arrive after the Centers for Disease Control and Prevention on Sunday advised Continue Reading


Chief mortgage regulator working on plan for potential spike in delinquencies from coronavirus

KEY POINTS While it takes 90 days for a loan to become delinquent officially, the expectation is that there will certainly be a spike. Fannie Mae and Freddie Mac already have loan forbearance programs in place, often implemented during natural disasters, but the current situation is neither local nor momentary. “We’re on the front end Continue Reading


Coronavirus Forces Culture Change in Real Estate

As new restrictions on American life, including extensive closures of schools, restaurants, and bars in cities across the country, exacerbate the efforts surrounding the prevention of the spread of the coronavirus, real estate brokerages are adapting their businesses and preparing their clients for what could be a chaotic few weeks or months ahead in the Continue Reading


5 big tech companies making remote-work tools free during the coronavirus outbreak, including Google and Microsoft

KEY POINTS Working from home is becoming more than a trend as companies tried to prevent the spread of coronavirus. Five tech companies are making virtual communication tools free for small business: Microsoft, Google, LogMeIn, Cisco, and Zoom. All of the tools they are offering are at least free for the next three months, if Continue Reading