3/22/20 11:00 AM
U.S. Orders Up To A Yearlong Break On Mortgage Payments
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U.S. ORDERS UP TO A YEARLONG BREAK ON MORTGAGE PAYMENTS
March 19, 20202:03 PM ET
Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months.
Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. The move covers about half of all home loans in the U.S. — those guaranteed by Fannie and Freddie. But regulators expect that the entire mortgage industry will quickly adopt a similar policy. Homeowners can’t just stop paying their mortgage. “They need to contact their servicer — that is the lender that they send the check to every month,” he says. “That lender will work with them to be able to work out a payment plan.
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Are there any organic chemists on this list, or that you can send to me? I’ve got a hand sanitizer question I’d love help with.
I have a sewing machine here, and a serger, to loan to anyone who has the skills and wants to make masks. Ragfinery is coordinating the local effort. Fabric masks are not actually safe for home use by healthy people for prevention. But our hospitals need and can effectively sanitize them. ~Fl!p
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People who are broke are surrendering their pets. The shelter could use food to help people keep their pets. They offer free food to anyone who is in need. Food would be better than surrendering your pet. Any type if food is accepted.
I have a blog site almost ready to send links to. If new folks could hold off till my glorious new team finishes debugging the site, everyone will be able to sign up there. With luck, later today!