Government

The resolution would provide a “temporary” payment of $1,000 per month to all adults to stimulate the economy in the wake of COVID-19.

Miami and San Jose, California have temporarily stopped all evictions, while other cities, including San Francisco and New York, are considering doing the same.

On Sunday evening, presidential candidates Joe Biden and Bernie Sanders met in a debate heavily influenced by concerns over COVID-19—both in setup and content.

In place of the face-to-face requirement, the partial waiver outlines that mortgagees must establish contact via alternate methods, such as phone interviews, email, or video conferencing technology.

The coalition addresses policy and procedure in response to the virus as the industry works to support homeowners.

The Fed announced this measure on Sunday in an effort to bolster the U.S. and global economy that have stalled due to the coronavirus.

The multi-billion dollar proposal comes hours after the President announced a 30-day travel ban on several European countries.

In an address to the nation on Wednesday night, President Donald Trump announced several major plans to mitigate the impact of the COVID-19 on the nation and its workers, including a 30-day travel ban.

To date, Fannie Mae has committed to acquire approximately $11.6 billion of insurance coverage on $435.2 billion of single-family loans.

Financial institutions are being encouraged by state and federal regulators to meet the financial needs of customers and members affected by the COVID-19.