😷 If you have been impacted by COVID-19, our team is here to help,  learn more!

Stimulus Money: How to Receive Yours and Use It Wisely

As you have probably heard by now, Congress recently passed, and the President signed into law, a stimulus package designed to provide critical assistance to Americans affected by the COVID-19 pandemic. This act, which is called the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act,” provides wide-ranging solutions in response to the crisis.  

Eviction and Foreclosure Suspension for Homeowners Facing Difficulties Making Mortgage Payments

The fight against the Covid-19 pandemic will require sacrifices but losing the roof over your head should not be one of them.   The Department of Housing and Urban Development (HUD) through the Mortgage Letter 2020-04  dated 18 March 2020, announced a freeze on evictions and foreclosures.   

⚠️ Additional Information: Related to Homeownership and preparing for Uncertain Times

Creditors Response to COVID-19, Coronavirus Pandemic

The highest week for jobless claims in post-World War history came during the recession of the early 1980s. On the week ending October 2, 1982, a record of 695,000 filed unemployment claims. Last week, new federal unemployment claims were 281,000. That number reflects “a 30 percent increase in unemployment claims…one of the largest spikes on record,” writes Patricia Cohen in the New York Times

NFCC in the News 📰

• Stimulus bill to delay federal student loan payments for 6 months—here’s what that could mean for your credit score Read More...

• Can You Delay a Credit Card Payment Because of the Coronavirus? Read More...

• Should you carry credit or cash on hand for emergency expenses? We asked two experts. Read More...

Around the Country 🗽

Stocks Fluctuate as Weekly Jobless Claims Surge

More than 6.6 million people filed new claims for unemployment benefits last week, the Labor Department said Thursday, setting a grim record for the second straight week. The latest claims brought the two-week total to nearly 10 million. The speed and scale of the job losses is without precedent. Until last month, the worst week for unemployment filings was 695,000 in 1982.