How To Be Sure Your Home Is Sanitized During Quarantine

During the COVID-19 pandemic, it is more important than ever for everyone to make sure they act in the best interests of their local communities and the world as a whole. This means that everyone should follow the advice of the Centers for Disease Control and Prevention (CDC), practice social distancing measures, and obey all orders to shelter in place. When families are stuck at home, it is important to ensure the house is sanitized. This will prevent the spread of this dangerous virus. There are a few measures that everyone should take to make sure their home is as clean as possible. Clean High-Touch Surfaces Frequently Any surfaces that multiple people are going to touch on a regular basis need to be cleaned every...

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COVID-19 Relief Programs For Homeowners

Federal housing agencies and government-sponsored enterprises Fannie Mae and Freddie Mac are responding to the COVID-19 outbreak with multiple relief programs for homeowners experiencing hardship due to illness and job loss. 60-Days Forbearance on Home Mortgages Owned or Backed by Fannie Mae or Freddie Mac Many U.S. home loans are owned or guaranteed by Fannie Mae or Freddie Mac. Homeowners can determine if your loan is connected with Fannie Mae here.here. Please check here to check if your mortgage is affiliated with Freddie Mac. CARES Act Provide Relief for Eligible Homeowners The federal Coronavirus Aid, Relief and Economic Security Act provides two protections for homeowners: Payment forbearance for homeowners impacted by the COVID-19 emergency. Forbearance periods up to 12 months may be approved based on...

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What’s Ahead For Mortgage Rates This Week – April 6th, 2020

Last week’s economic reporting included readings on pending home sales, Case-Shiller Home Price Indices, and Bureau of Labor Statistics reports on national unemployment. Weekly readings on mortgage rates and first-time jobless claims were also released. Pending Home Sales Slow in February Before Coronavirus Took Hold The National Association of Realtors® reported fewer pending home sales in February as the coronavirus gained traction. Pending sales rose by 2.40 percent in February as compared to January’s growth rate of 5.30 percent. Before the outbreak, pending home sales gained momentum in all U.S. regions. Pending home sales are sales for which signed purchase contracts were signed, but sales were not completed. Nationally, year-over-year pending sales in February were 9.40 percent higher than in 2019. Regional pending home sales...

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The Department Of Veterans Affairs Is Allowing Drive-by Appraisals Because Of COVID-19

The COVID-19 (Coronavirus) pandemic has impacted every industry across the country. Many people are being asked to shelter in place and everyone has been asked to practice social distancing to try to curtail the spread of this deadly virus. The Federal Housing Finance Agency (FHFA) has asked both Freddie Mac and Fannie Mae to make some changes in the manner they conduct property appraisals and employment verification. Shortly after the move by the FHFA, The Veteran’s Administration (VA) and Federal Housing Administration (FHA) followed suit by relaxing property appraisal requirements. Due to the unusual circumstances that are facing the country right now, these changes are necessary to keep people safe while minimizing the blow to the economy. Exterior Inspection Appraisals One of the critical parts...

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