Our focus is now super clean deals, meaning, high credit scores, low LTV's, low DTI's, 3-4 month cash reserves, for all loans now.

You pay your mortgage which goes to a loan packager (you may have another name for them) then the loan packager pays the federal government (FHA & USDA loans).

With the stimulus package happening, the only way this is going to happen is by the Federal Reserve printing money.

I was under the impression that the mortgages that would be held up are federal backed and owner occupied?

I have plenty of reserves set aside just don't want to spend it unwisely.

The answer is the Federal Reserve and Fiat Money (money not backed by gold, but by the government).

Interest rates are up.Adding fuel to the fire, lenders are lowering loan-to-value ratios, maximum debt service coverage ratios, and in some cases instituting a mandatory debt service reserve. 

This whole COVID-19 thing shows how important it is to have a good amount of cash reserves.

Disregarding state and local gov't actions, it looks like the federal 'stimulus' bill that just passed only applies to federal backed loans.

Taxpayers who may have made expenditures during calendar year 2018 and who have already filed U.S. federal tax returns for 2018, may be entitled to tax refunds based on the retroactive application of this amendment.