Unlimited Quantities

Today’s News Synopsis:

Fed agrees to buy Treasuries and Agency Mortgages. Including commercial.  The National Association of Realtors announced today what they are doing to aid in the COVID-19 relief.  With the increasing pandemic, it is now required for contracts to contain Coronavirus addendums.

In The News:

Inman “Coronavirus Clauses Become Ubiquitous As Pandemic Worsens” (3-23-2020)

“Two weeks ago, coronavirus addendums were a niche thing. Now, they’re pretty much everywhere.”

Federal Housing Finance Agency “FHFA Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties” (3-23-2020)

“Today, to keep renters in multifamily properties in their home and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) is announcing that Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus.”

National Association of Realtors “NAR’s Advocacy Work Towards COVID-19 Relief” (3-19-2020)

“The National Association of REALTORS® has been responding to a flurry of legislative activity aimed at providing economic relief from COVID-19.”

Curbed “If the coronavirus has you worried about your mortgage, do these three things” (3-23-2020)

“These steps can help if you’re at risk of missing a payment because of COVID-19.”

HousingWire “Fed Announces Unlimited Purchase of MBS and Treasuries, Adds Multifamily Mortgages” (3-23-2020)

“The Federal Reserve announced on Monday that it will buy unlimited amounts of Treasuries and agency mortgages (including multifamily) to grease the wheels of the credit markets.”

Apartment Therapy “How Long Do Germs (Like The Coronavirus) Live On Surfaces At Home” (3-23-2020)

“If you’re in close enough proximity to someone who’s sick, you can become infected by the droplets expelled from their nose or mouth when they sneeze or cough.”

Zillow “Zillow Group Pauses Home Buying in Zillow Offers In Response to COVID-19 and Market Uncertainty” (3-23-2020)

“If you’re in close enough proximity to someone who’s sick, you can become infected by the droplets expelled from their nose or mouth when they sneeze or cough.”

Federal Housing Finance Agency “FHFA Directs Enterprises to Grant Flexibilities for Appraisals and Employment Verifications” (3-23-2020)

“Today, to facilitate liquidity in the mortgage market during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the Enterprises) to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements through May 17, 2020.”

 

California Real Estate Investor Events

ALERT: Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With Inland Gateway Association of Realtors on Thursday, April 9 (ONLINE ONLY).

ALERT: Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Pasadena FIBI on Thursday, April 16 (ONLINE ONLY).

Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With NorcalREIA on Wednesday, June 10.

 

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