Coronavirus mortgage bailouts fall below 3 million in pandemic’s sharpest decline

  • The number of mortgages in active pandemic-related bailouts plunged as the first wave of forbearance plans hit the end of their six-month term.
  • Over the past week, active forbearances dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm.
  • That brings the total number of plans below 3 million for the first time since April.
  • As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% the previous week.



a large brick building with grass in front of a house: Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.


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Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.

The number of mortgages in active pandemic-related bailouts plunged in the past week as the first wave of forbearance plans hit the end of their six-month term.

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It was the largest decline since the crisis began.

Over the past week, active forbearances dropped by

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Brigham, Broad Institute team to test 10,000 people in at-home coronavirus study called TestBoston

Officials said the study will seek to detect active coronavirus cases, evidence of previous infections, and changes in the rates of both in a representative group of 10,000 Brigham patients consistent with the demographics of Greater Boston.

Over the course of six months, the statement said, study participants will get monthly at-home kits for viral and anti-body testing. They’ll also complete routine symptom surveys and will be able to seek additional testing should they develop symptoms, officials said.

Ongoing study results, the statement said, could reveal “critical clues” and warning signs about how COVID-19 cases are changing in the Boston area, while also helping researchers set up a model for at-home sample collection that’s “integrated” within a medical and public health system.

In addition, the study will help clinicians learn more about whether prior infection protects someone from future reinfection, according to the statement.

TestBoston will be led by Dr.

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White House staffers get email saying to stay home if they experience coronavirus symptoms

White House staffers were urged in an email Sunday to “please stay home” and “do not come to work” if they have exhibited any symptoms of the coronavirus.

An all-staff email obtained by New York Magazine’s Olivia Nuzzi directed members of the White House staff to “immediately contact your primary care provider” and “inform their supervisors” in the event of symptoms being presented.

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Richfield’s Economic Development Authority Authorizes Second Round Of Coronavirus Small Business Forgivable Loans

September 30, 2020

Since the outbreak of the COVID-19 pandemic, 1.4 million small businesses have either closed of suspended operations according to a study by Oxxford Information Technology Ltd. It is expected that as many as four million small businesses could be forced to shut down permanently by the end of the year, or about 13 percent of the country’s small businesses.

Richfield’s Economic Development Authority (EDA) is doing everything it can to provide financial assistance to the city’s small businesses as they try and weather the global health crisis. The authority has authorized a second round of small business forgivable loans.

“Businesses of all shapes and sizes are seeing a drastic reduction in income during the COVID-19 pandemic,” explained Richfield Chamber of Commerce Chairman Greg Worthen. “Richfield was one of the first cities in Minnesota willing to help its small businesses through this crisis in the form of a

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White House announces major improvements in coronavirus testing (again)




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WASHINGTON — The setting was familiar, and so were the assurances. Speaking from the Rose Garden on Monday afternoon, President Trump promised a “massive and groundbreaking expansion” in the nation’s ability to perform diagnostic tests for the coronavirus. 

“We are now at an inflection point in testing,” said Adm. Brett Giroir, a high-ranking Department of Health and Human Services official who is in charge of testing on the White House coronavirus task force. He said that 920,000 coronavirus diagnostic tests were now being performed nationwide each day. Some 7 million Americans have tested positive.

The expansion was made possible by Abbott Laboratories, whose rapid BinaxNOW test can return results in mere minutes without requiring the intrusive nasal swab that can make a coronavirus test an acutely unpleasant experience. 

The Trump administration purchased 150 million such tests for $760 million. They will go to nursing homes, schools

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Two Charged For Handling Of Coronavirus At Veteran’s Home, Believed To Be First Criminal Case Over Nursing Home Deaths

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Two former leaders of a Massachusetts home for aging veterans, where nearly 80 people have died from Covid-19, have been charged for their handling of the outbreak, the state’s attorney general said Friday, in what she says is believed to be the first U.S. criminal case brought nursing home staff during the Covid-19 pandemic.

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Former Holyoke Soldiers’ Home Superintendent Bennett Walsh and former Medical Director David Clinton were indicted by a grand jury, Attorney General Maura Healey told reporters. 

Each is charged with 10 counts, five counts of criminal neglect five counts of serious bodily injury, and have yet to comment on the charges.

The charges come three months after a scathing independent report said “utterly baffling” decisions made by Walsh and other administrators allowed the virus

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How The Coronavirus Sparked An Unprecedented Home Improvement Boom In Kansas City | KCUR 89.3

The sound of power tools is roaring in neighborhoods across the United States.

In the Brookside neighborhood in central Kansas City, Mo., John Buhr has do-it-yourself projects going from the top of the garage to the basement.

“As soon as COVID hit, we needed someplace the kids could play,” Buhr says, noting that neighborhood parks were closed. “So we put a playhouse down [in the basement] first and then found the kids liked it so much that we went ahead and built a living room. And then my wife needed the space to work.”

So now Buhr is building an office for his wife in what was an unfinished attic above the garage. He’s also working on a self-contained apartment for his parents and in-laws to use when they’re in town for extended babysitting visits.

“This all kind of became immediately necessary, thanks to COVID,” Buhr says.

John Buhr using recycled lumber to build a playhouse for his young children.JPG

Frank Morris

John
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Coronavirus Pandemic Has Led To A Home Improvement Business Boom

MIAMI (CBSMiami) – The coronavirus pandemic has been difficult for many businesses, but those involved with home improvement are thriving.

When the pandemic started, the Levyn family found themselves at home more. They decided to renovate the backyard, including a new deck.

“You want where you live, if you have to work there and if you have young children, you want it to be as lovely as it can possibly be,” Allison Levyn says.

The Levyn’s hired a local company, MG Construction & Decks.

“Business has been crazy. It is really good,” says co-owner Melissa Gabso.

A Consumer Specialists survey found 57% of homeowners made improvements this spring. And plenty of people are doing it themselves, which is driving up sales at hardware stores.

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Home Depot recently posted its strongest quarterly sales growth in 20 years.

But the demand is leading to a shortage of supplies, especially lumber.

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Airline coronavirus contractions leave Vermont travelers with fewer options

BURLINGTON, Vt. (WCAX) – The coronavirus has slowed down business and leisure travel nationwide, and even with some economic recovery, air travel has not bounced back. That includes the Burlington airport, where the number of flights has dropped by 70 percent and has meant fewer options for people looking to fly.

An empty airport reflects the decline in travel during the coronavirus pandemic

“Flights were not what they were a year ago. Flights are down substantially,” said Gene Richards, director of aviation at the Burlington International Airport. He says they normally see around 9,000 travelers a week this time of the year. Now, they are seeing around 3,000.

Despite the low numbers, no airlines have pulled out of Burlington. “The good news is that many airports our size have lost all service and we actually have — all the airlines are still here and still flying,” Richards said.

But he

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Coronavirus: UK government tells people to work from home

  • Prime Minister Boris Johnson on Tuesday told workers to stay at home if they can as a second coronavirus wave grips the UK.
  • He announced new restrictions for the hospitality and leisure industries and said they could last for another six months.
  • He also introduced a 10 p.m. curfew for pubs, bars, and restaurants and a limit on wedding guests to 15.
  • Visit Business Insider’s homepage for more stories.

UK Prime Minister Boris Johnson on Tuesday urged people to work from home in order to halt a spike in coronavirus infections and announced a series of new restrictions that could last for at least six more months.

Johnson told the House of Commons that the government had scrapped its push for more people in England to return to their workplaces.

“We are once again asking office workers who can work from home to do so,” Johnson told members of Parliament.

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