Furthering the Fed’s unintended consequences was the announcement to cut interest rates on the Fed Funds Rate by 1% to virtually zero.

This week they announced 3.3M people filed for unemployment last week.  

However, as we announced earlier in the week, the markets and our capital partners require us to originate these FnF loans at lower LTVs and with other structural changes.

Some of the nations biggest wholesale lenders have announcements scheduled for this week and next to provide a status update on resuming operations and current pricing/max leverage. 

“Florida Governor Ron DeSantis has today announced a total suspension of all vacation rentals with immediate effect, remaining in order for two weeks from today.

Fico announced a change in its scoring model months ago.

Zoom is a webinar / meeting hosting service; there is an app for mobile devices.Various real estate meetings that were previously only held in person are now using various online only webinar services to host ongoing meetings for the time being.Such events are not allowed to be announced in this forum.So figure out which you are seeking to attend, and then determine whether it is a member only event or open to public event.

Ron DeSantis announced Friday a two-week suspension of new vacation rentals (30 days or 1 calendar month, whichever is less).

(Click on it to make it full screen - it should open in a new window.)Mat included this:"I'm excited to announce that I’m writing at Entrepreneur and that my first article is up, "New Stimulus Bill Unlocks IRA and 401(k) Dollars for Financially Affected" (link to article deleted).

In a nutshell, they are giving hosts 25% of what we would have received under our own normal cancellation policies, retroactive to when they first announced the changes to the extenuating circumstances policy a few weeks back.