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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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FHFA Acts to Boost Liquidity and Facilitate Transactions in Mortgage Market

Filed in Housing Finance by on March 23, 2020 0 Comments
FHFA Acts to Boost Liquidity and Facilitate Transactions in Mortgage Market

The Federal Housing Finance Agency (FHFA) today authorized Fannie Mae and Freddie Mac to enter into additional dollar roll transactions to boost liquidity in the mortgage market. Dollar roll transactions provide mortgage-backed securities investors with short-term financing of their positions, providing liquidity to these investors.

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Federal Regulators Urge Banks to Work with Borrowers Affected by COVID-19

Federal Regulators Urge Banks to Work with Borrowers Affected by COVID-19

Federal regulators urged banks and other institutions today to work with borrowers affected by COVID-19, stating that loan modification programs “are positive actions that can mitigate adverse affects on borrowers due to COVID-19.”

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Fed Takes Action to Keep Credit Flowing

Filed in Disaster Response, Economics by on March 23, 2020 0 Comments
Fed Takes Action to Keep Credit Flowing

The Federal Reserve announced today it is taking new action “to support the flow of credit to households and businesses by addressing strains in the markets for Treasury securities and agency mortgage-backed securities.”

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