MONTGOMERY – Governor Kay Ivey on Monday announced the launch of altogetheralabama.org, an online resource that will serve as a hub of information for the state’s response to the coronavirus crisis…(read more here)

Text COVID19 to 30644 to receive the latest information on NAR’s advocacy efforts on COVID-19.

NAR’s Federal Advocacy team has been working closely with Congress and the Administration to ensure the interests of REALTORS® and their clients are protected in any federal action in response to COVID-19, in addition to minimizing transaction disruptions during these very difficult circumstances. (read more here)

As of 4/16/20, the appropriations for both the SBA 7(a) Paycheck Protection Program loans and the Economic Injury Disaster Loans have been exhausted. NAR sent a letter to Congress on 4/13/20, urging quick action to provide additional funds for these loans, to ensure that they can assist as many small businesses in need as possible. This FAQ has been updated with additional information to reflect this change and will be updated again when the programs re-open. (read more here)

Statement by Secretary Mnuchin and Administrator Carranza on the Paycheck Protection Program and Economic Injury Disaster Loan Program

“The SBA has processed more than 14 years’ worth of loans in less than 14 days. The Paycheck Protection Program is saving millions of jobs and helping America’s small businesses make it through this challenging time. The EIDL program is also providing much-needed relief to people and businesses…” (read more here)

Mortgage financing giant Freddie Mac announced several changes on Wednesday to its COVID-19 protection options for tenants and landlords. Its program provides three months of forbearance for borrowers impacted by the pandemic. It also has a no-evictions policy for tenants during that forbearance period. Fannie Mae has announced similar protections… (read more here)

Real estate sales are continuing on within a global pandemic as the use of virtual tools is giving buyers a feel for homes—so much so that some are willing to put an offer on a home without even physically stepping inside.

A quarter of REALTORS® surveyed reported that their clients put contracts on homes this week without physically seeing the property. The survey was released Thursday by the National Association of REALTORS®… (read more here)

The federal government’s efforts to provide emergency relief to business owners and independent contractors during the coronavirus pandemic have come with challenges for many real estate professionals seeking assistance to cope with the sudden economic downturn. But brokers who’ve succeeded in obtaining loans through the Small Business Administration’s new Paycheck Protection Program offer valuable insights on the steps they took and what may have helped their requests sail through… (read more here)