Luckily, I know several that still have 100s of millions of dollars in liquidity (fine in the long term) but have paused alongside their competitors as a conservative measure in the wake of uncertainty caused by this virus although the big issue is servicing/back end (dried up secondary market for these loans/pending foreclosure wave).  

What would you do?

My wife is a new real estate agent and with this virus going around she has had a very hard time reaching new clients.

Jonathan-- I’m not sure this is the right question for you , but I’ve been in contract for 55 days now and the seller is telling me he’s still waiting for the loan approval which is taking longer because of the virus .  

Doug Ducey, in an executive order Tuesday, barred police officers and constables from carrying out eviction orders under certain circumstances.Not all renters will be eligible for the reprieve.Under Ducey's order, relief will be available to anyone who is required to be quarantined based on a diagnosis of COVID-19 or has been ordered to self-quarantine by a licensed medical professional based on symptoms.Evictions also can be avoided if someone else living in the home is diagnosed with the virus or if they have some condition "that makes them more at risk for COVID-19 than the average person.''

Virtually of course but even more once this virus has dissipated.

Now with the current virus situation I am concerned about a few things.

With that remaining ~40%, only about half of those are continuing to go after real estate investment properties with corona-virus circulating.

Once the virus situation is is under control and we all return to our normal routines, I assume we will then be in a declared recession. 

It didn't help that the virus occurred at peak valuations.Quantitative easing.