"Hello,
Thanks for continuing to work with us to serve our clients in the era of COVID-19. The clients and communities we service rely on us, and the conduct of real estate transactions is vital to our economy. As such, we’re seeing shelter-in-place, and similar orders, enacted across the country with an exemption for financial services as a protected Critical Infrastructure Service as defined by the Department of Homeland Security.
Each city is handling enforcement of these orders differently. Click here for a sign with some language that may be helpful in the event that you need to have a conversation about your travel. You can print this and keep it handy in your vehicle while commuting to and from appointments."
Amrock provides a link to a PDF with the following statement:
"Enforcement of a shelter-in-place (or similar order) may result in you being stopped by officers of the law while on the road. In the event that this occurs, share points one and two below, understanding that ***law enforcement may not be well versed on services protected under the ordinance***, and follow their direction and communicate with partner management and the client, accordingly.
1. The conduct of appraisals and closings constitute the delivery of financial services.
2. Financial services are protected under shelter-in-place and similar orders."
The Fed announced open-ended purchases of MBS and CMBS. Unlimited socializing of losses while privatizing the profits. The pigs are going whole hog at the trough and want to eat Grandma too.
In other news:
The CDC found the coronavirus survived in cruise ship cabins 17 days after passengers had left. The CDC also found 7 out of 110 passengers
The transmission rate for coronavirus is higher than the flu. One person infects, on average, three other people. After 10 rounds of this, there will be 59,000 new people infected.
Italy's case fatality rate is approaching 10%. People 60 and older aren't be admitted to the ICU for treatment because there aren't enough beds and the outcomes for patients 60+ aren't as good as those under 60. Spain is doing the same for those over 65 and their case fatality rates are also rising. Both of these countries have more ICU beds per capita than the U.S.
The UK follows the rest of Europe and announced a country-wide lockdown to mitigate the spread.
The U.S. is considering lifting state-imposed lockdowns in 15 days.
Has anyone seen the lines to get into the NYC emergency rooms? |
