Fannie, Freddie to offer forbearance to multifamily owners who halt evictions -regulator
There's the first part to the equation !!!

Up next ... forbearance across the entire economy.

Forgot to add the link  : https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Moves-to-Provide-Eviction-Suspension-Relief-for-Renters-in-Multifamily-Properties.aspx
[{"id": "flb72c3", "text": "Here in SC there's not any choice. Chief Justice just stopped evictions til at least May 1.", "replies": [], "depth": 1}, {"id": "flb7aii", "text": "Putting real estate aside, To prevent the tidal wave of corporate and small business loan defaults that are to come, what can the fed do to forbear those loans?\n\nIs it even possible with the amount of layers there are in our financial system (bonds, securitizations, secondaries, etc.?)", "replies": [{"id": "flb8v0v", "text": "Everything goes into a 'time out' ... whether it is 30,60, or 90 days, we call timeout on the entire system.", "replies": [{"id": "flbaquk", "text": "They'll be counted as lates.  I promise you.", "replies": [{"id": "flbesuf", "text": "What are you talking about ?   It's already happening for F/F homeowner loans and now for apartment owners.  It's only a matter of days before this trickles across the entire banking sector.  Almost every credit card company is already doing it as well.", "replies": [], "depth": 4}, {"id": "flek94o", "text": "We really don\u2019t want to put borrowers in default. We\u2019re seriously considering widespread forbearance.", "replies": [], "depth": 4}], "depth": 3}, {"id": "flbbime", "text": "Yeah that would be great in theory, but is it possible? There\u2019s so many layers.", "replies": [], "depth": 3}], "depth": 2}, {"id": "flbaman", "text": "A forbearance is simply a new temporary payment agreement.  Technically, you don't even need to be late, but lenders usually don't do them unless you are.  I bet they would take signed letters from renters as evidence of a shortage upcoming to do a forbearance. Normally I wouldn't advise anyone to call the lender ahead of time, but these are different times. Probably better to be proactive.", "replies": [{"id": "flbbgsg", "text": "Right but that doesn\u2019t answer my question. In order for us to avoid a huge economic collapse (corporate and small business loan defaults), is it possible to get all the loans forbeared?", "replies": [{"id": "flbbvyv", "text": "A forbearance is just a payback agreement.   If the lenders aren't going to forclose, then does it even really matter?", "replies": [{"id": "flbek23", "text": "Of course it matters.  This is essentially a freebie on your credit.", "replies": [{"id": "fmh1fa5", "text": "That\u2019s not how it works, dumbass. Forbearance is not mandatory for one. Secondly, the payments will be made up later. Lastly, it\u2019s a shit ton of paper work for underwriters to even consider your hardship. Now, what happens if you\u2019re asking for forbearance on an investment property, and your tenants aren\u2019t paying you because they\u2019ve lost their job because they cannot work from home? You defer their payments and take a loss because there is a moratorium on evictions. Did you know that it shows up on your credit, too? Did you know that the amount you haven\u2019t paid is still accruing interest? Did you know that when shelter in place is lifted, a lot of people will still be on unemployment? Do you think they\u2019ll be able to pay their rents? This is a massive IOU that results in a cost that  investors cannot transfer to their tenants. Stop giving shitty advice.", "replies": [{"id": "fmh1y00", "text": "And you own what exactly ???", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}, {"id": "fmh2q9d", "text": "You are correct. It doesn\u2019t matter, as your payments are not deferred and will not only be expected to be paid at the end of the forbearance term but will likely accrue interest. Also, it does show up on your credit. Anyone who has any idea how credit works, your score is not the only barrier to entry for credit. The history has a pivotal role, and all the banks are navigating uncharted waters. They could very well deem forbearance history as an unqualified borrower. We simply don\u2019t know yet. If one has the means, it would be wise to pay up, take the losses, and go from there when things begin to stabilize.", "replies": [], "depth": 5}], "depth": 4}, {"id": "flbyerv", "text": "For now the outlook is that this is a temporary problem. Banks are deferring payments but aren't going to unilaterally waive payment. People need to call in and request relief", "replies": [{"id": "flcuxy4", "text": "I think the outlook is slowly changing as people realize this is not a 2 week lockdown, but a minimum of 2 months.\n\nOnce Main Street businesses start defaulting, this will not be a \u201cv shaped recovery\u201d. Deferred payments won\u2019t help either (if a business can\u2019t afford debt service now, how are they going to afford two months worth of debt service in a month from now?)\n\nIf we don\u2019t address small business and corporate debt like we are addressing real estate, this could get very, very bad.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "flbpt6q", "text": "Do you have a source on this?", "replies": [{"id": "flbr8an", "text": "https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Moves-to-Provide-Eviction-Suspension-Relief-for-Renters-in-Multifamily-Properties.aspx", "replies": [{"id": "flbrfz0", "text": "\ud83e\udd73", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "flog9n1", "text": "I spoke to my bank about forbearance and they stated they could do 3 months but on the 4th month they would expect the account to be caught up. That doesn't sound like a great deal when my payments are 8k a month.", "replies": [], "depth": 1}]