The outbreak of the novel coronavirus COVID-19 has already presented serious adversity as it relates to managing your investment property.

Servicing runoff, or even the anticipation of it, can adversely impact the market valuation of a servicing portfolio.

In a way I'm trying to encourage landlords to have more compassion but to also understand the adverse effects of being a ruthless business owner. 

My property manager received deferment where the payment will simply be added to the end of the loan with no adverse credit associated but that option was from a smaller, local bank in which he does a large amount of business.  

Here's what's going on  For FHA-insured mortgage loans and loans backed by Fannie Mae and Freddie Mac (collectively referred to as the GSEs), a 60-day moratorium on foreclosures and evictions effective as of March 18, 2020, and (See  source in link below)For Fannie Mae and Freddie Mac borrowers facing a hardship related to COVID-19, the expansion of forbearance and loan modification eligibility requirements and suspension of adverse credit reporting.FHA Mortgagee Letter

I won't be able to prove collusion, but I can prove conspiracy, even if the conspiracy did not intend to create adverse consequences.Everyone still with me here or have I written too many sentences?

 In the past we have endured many hardships that we have been put through but I would say currently is the ultimate test of resilience in the face of adversity and some of us have made the necessary monetary nest eggs to weather the toughest days ahead.

@Jaysson Brooks@Chris LevarekHere are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

We as an industry should be teaching our clients to buy right, collaborate with experts and fulfill our fiduciary duty to the clients.As always, there is a ton of opportunity in adversity.

Under the current situation in which most of the economy was shut down, the vast majority of people can in good faith state they have been adversely affected somehow by Covid-19.