Federal News Updates
MSNBC: President Trump Calls on Congress to Approve $1,200 Stimulus Checks
Brooks University: 10 Facts About COVID and the Economy
Wall Street Journal: The Covid Economy Carves Deep Divide Between Haves and Have-Nots
World Economy Journal: An Economist Breaks Down what COVID has Done to the Economy
Mortgage Relief options
Fannie Mae and Freddie Mac are offering multiple relief options for those who have been negatively impacted by COVID-19, which include:
Providing mortgage forbearance for up to 12 months
Waiving assessments of penalties and late fees
Halting foreclosure sales and evictions of borrowers until at least May 7, 2020
Suspending reporting to credit bureaus of delinquency related to forbearance
SBA Financial Options
Small businesses and nonprofits located in all Utah counties are now eligible to apply for low-interest loans/grants through the Small Business Administration.
For additional information, please contact the SBA at 1-800-659-2955 or work with your local financial institution.