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VA Updates Lender, Valuation Guidance for Borrowers Affected by COVID-19

Filed in Disaster Response, Housing Finance by on March 27, 2020 0 Comments
VA Updates Lender, Valuation Guidance for Borrowers Affected by COVID-19

The U.S. Department of Veterans Affairs today issued a circular that provides guidance for VA home loan borrowers affected by COVID-19 and describes temporary measures regarding loan origination, closing and guaranty. The agency also issued a separate notice regarding valuation practices during the pandemic.

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EPA Releases Plan to Reduce TSCA Fees Burden

Filed in Codes and Regulations by on March 27, 2020 0 Comments
EPA Releases Plan to Reduce TSCA Fees Burden

In a key win for NAHB, the Environmental Protection Agency has made a significant announcement affecting how the housing community will be impacted by implementation of the Toxic Substance Control ACT (TSCA) Fees Rule.

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NAHB Chief Economist Provides Economic Update on Impact of COVID-19

Filed in Disaster Response, Economics by on March 27, 2020 0 Comments
NAHB Chief Economist Provides Economic Update on Impact of COVID-19

NAHB Chief Economist Robert Dietz examines incoming data showing the negative effects of the sudden stop for the economy. NAHB is forecasting significant declines for second quarter GDP, followed by an additional drop in the third quarter and a rebound in the final quarter of 2020.

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90 Organizations Urge DHS to Designate Residential Construction ‘Essential’

90 Organizations Urge DHS to Designate Residential Construction ‘Essential’

In an effort spearheaded by NAHB, 90 companies and organizations today called on the Department of Homeland Security (DHS) to designate construction of single-family and multifamily housing as an “Essential Infrastructure Business.”

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CFPB Provides Flexibility During COVID-19 Pandemic

Filed in Codes and Regulations, Housing Finance by on March 26, 2020 0 Comments
CFPB Provides Flexibility During COVID-19 Pandemic

The Consumer Financial Protection Bureau (CFPB) today announced that it is providing needed flexibility to enable financial companies to work with customers in need as they respond to the COVID-19 pandemic.

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Congress Approves $2.2 Trillion Economic Stimulus Package

Congress Approves $2.2 Trillion Economic Stimulus Package

Congress has approved a $2.2 trillion economic stimulus package in response to the coronavirus pandemic that has wreaked havoc on the U.S. economy. The CARES Act includes several provisions to help small businesses and those engaged in the residential construction sector.

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USDA Acts to Help Rural Residents and Businesses Affected by COVID-19

Filed in Disaster Response, Labor, Safety and Health by on March 25, 2020 0 Comments
USDA Acts to Help Rural Residents and Businesses Affected by COVID-19

USDA Rural Development, a mission area within the U.S. Department of Agriculture, has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak.

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Employers Get First Round of Guidance on New Family Leave Law

Filed in Disaster Response, Labor, Safety and Health by on March 24, 2020 0 Comments
Employers Get First Round of Guidance on New Family Leave Law

The U.S. Department of Labor announced today its first round of published guidance to provide information to employers and employees about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act when it takes effect on April 1.

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Department of Labor Allows Employers to Weigh In on Family Leave

Filed in Disaster Response, Labor, Safety and Health by on March 24, 2020 0 Comments
Department of Labor Allows Employers to Weigh In on Family Leave

The U.S. Department of Labor (DOL) will be hosting a national online dialogue to provide employers and employees with an innovative opportunity to offer their perspective as the department develops compliance assistance materials and outreach strategies related to the implementation of the Families First Coronavirus Response Act (FFCRA).

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Multifamily Owners, Renters to Receive FHFA Support

Multifamily Owners, Renters to Receive FHFA Support

The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac 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. 

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