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COVID-19 Updates

We're here to help you stay up to date and informed on everything that is going on with COVID-19 and how it is affecting the Real Estate market.

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Last Updated: 04/01/2020

[PULSE] A federal liquidity solution for the mortgage servicing industry

04/01/2020
Policymakers are considering ways to ensure the mortgage servicing industry -- the central plumbing of the U.S. housing financial system -- remains functional during the COVID-19 crisis.

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Fannie Mae, Freddie Mac tighten some standards, loosen others amid coronavirus crisis

04/01/2020
With the coronavirus continuing to wreak havoc across the country, the nation's two largest sources of mortgage funding are taking additional steps to address issues that currently exist within the lending process.

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Are we heading toward a foreclosure crisis in 2020?

03/30/2020
The global conflagration of pandemic, market crash and recession is shaking California's economy to its core. No sector is left untouched, and residential and commercial real estate markets are already feeling the repercussions.

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Mortgage Crisis and Fed Unintended Consequences

03/30/2020
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that's required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.

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Do you have a question about how COVID-19 will affect your real estate market? We’re here to help.

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(559) 436-4071
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What you should know about coronavirus (COVID-19)

03/27/2020
Community Medical Centers is closely monitoring this season of high-volume influenza and are on high alert for the threat of the coronavirus. This is an emerging, rapidly evolving situation. The risk may change daily. But as home to the Valley's only Level 1 trauma center, our staff and physicians are highly trained and routinely prepare for situations like these.

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Is the coronavirus about to wipe out FHA lending?

03/27/2020
It looks like borrowers who don't fit neatly into Fannie Mae and Freddie Mac's lending criteria could soon be running out of options if they want to buy a house.

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California governor, big banks agree to 90-day mortgage grace period

03/26/2020
California Gov. Gavin Newsom (D) announced Wednesday that major banks have agreed to a 90-day grace period for mortgage payments in the state.

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Real estate companies report spike of demand for virtual home showings

03/26/2020
As more people are urged to stay home due to the coronavirus, many are still proving that they are interested in purchasing a home. Although many real estate companies have paused home showings, the desire for digital home showings have risen rapidly.

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Do you have a question about how COVID-19 will affect your real estate market? We’re here to help.

Call or email us anytime:
(559) 436-4071
info@londonproperties.com

3.3 million seek US jobless aid, nearly 5 times earlier high

03/26/2020
Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

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Washington agrees on unrivaled $2 trillion virus rescue bill

03/25/2020
WASHINGTON (AP) - The White House and Senate leaders announced agreement Wednesday on an unparalleled, $2 trillion emergency bill to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic.

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Mortgage industry lays out its case for widespread coronavirus emergency relief

03/25/2020
The mortgage industry's biggest trade and lobbying groups are banding together to push the federal government for widespread relief for all borrowers affected by the coronavirus outbreak in the U.S.

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What Kills Coronavirus

03/25/2020
By now, we've all heard about the latest human coronavirus strain that is claiming lives in China, making its way through Europe and reaching North America, officially named: Covid-19. And whether you're dealing with a mild coronavirus infection, or you want to be prepared in the event the Wuhan strain Covid-19 becomes a serious threat, this article will focus on the burning question: What Kills Human Coronavirus

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Do you have a question about how COVID-19 will affect your real estate market? We’re here to help.

Call or email us anytime:
(559) 436-4071
info@londonproperties.com

COVID-19 Relief: Industry Collaborates on Advocacy Efforts, Regulatory Changes

03/24/2020
In the midst of the COVID-19 pandemic, states across the U.S. are implementing restrictions on which businesses can remain open and who must work remotely. Several industry groups, including the National Association of REALTORS® (NAR), have taken steps to advocate for the housing industry and ensure that lawmakers are taking independent contractors and small business owners into consideration when drafting legislation.

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Fannie Mae And Freddie Mac Adopt "Alternative" Home Appraisals Due To Coronavirus

03/24/2020
Jonathan Miller felt a sense of relief when the Federal Housing Finance Agency announced this morning that it is instructing Freddie Mac and Fannie Mae, the government-backed mortgage enterprises it regulates, to adopt alternative home appraisal methods.

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Pre-Coronavirus, U.S. Home Sales Jumped 6.5 Percent in February

03/24/2020
According to the National Association of Realtors, U.S. existing-home sales climbed substantially in February 2020 after a slight decline in January. Of the four major regions, only the Northeast reported a drop in sales, while other areas saw increases, including sizable sales gains in the West.

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Bank of America will allow borrowers to pause their mortgage payments

03/24/2020
Mortgage relief options are coming fast and furious as the entire country struggles to deal with the spread of the coronavirus. This week, the Department of Housing and Urban Development, Fannie Mae and Freddie Mac announced that they are suspending foreclosures and evictions for at least 60 days. That was followed by the state of New York declaring that certain borrowers in the state could forgo their mortgage payments for up to 90 days.

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Do you have a question about how COVID-19 will affect your real estate market? We’re here to help.

Call or email us anytime:
(559) 436-4071
info@londonproperties.com

A Snapshot Of US Consumers' Attitudes And Behavior During COVID-19

03/24/2020
As we all navigate the fluidity and uncertainty of COVID-19, here at Forrester we are using our multimodal data to keep our finger on the pulse of rapidly changing consumer attitudes and behaviors. Stay tuned into our blog as we publish a series of posts highlighting the latest consumer trends that are shaping the cultural and economic climate.

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America's Best Investment Markets for Single Family Rentals Revealed

03/24/2020
Based on ATTOM Data Solutions' Q1 2020 Single-Family Rental Market report, which ranks the best U.S. markets for buying single-family rental properties in 2020, the average annual gross rental yield (annualized gross rent income divided by median purchase price of single-family homes) among the 389 counties is 8.4 percent for 2020, down slightly from an average of 8.6 percent in 2019.

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