Newsletter Issue: Vol 9 Issue 5
May 2020
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Homeowners Fear Owing Hefty Lump-Sum Payments on Mortgages in Wake of COVID-19  
The American Enterprise Institute estimates that 4 million home loans around the U.S. are already in "forbearance," as the industry jargon calls the step preceding foreclosure. As more people fall behind, consumer protection groups say they are getting complaints from homeowners who have obtained a measure of federal mortgage relief but also worry about owing a sizable lump sum in back payments.  CBS News has more:
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FAQs About the 2020 Stimulus Checks  
The Internal Revenue Service is sending millions of Economic Impact Payments – or as they are commonly called, stimulus checks – to households.
Here are some facts to know about these payments. 
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Details on the Federal Tax Deadline Extension  
The Internal Revenue Service has reset the federal tax deadline. You now have until July 15 to file your 1040 form. July 15 is also the deadline to pay any federal taxes owed for 2019. 1
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Federal Student Loan Relief  
Are you or someone you know currently making federal student loan payments? In light of the COVID-19 pandemic, and thanks to the recent passage of the CARES Act, the U.S. Dept. of Education will allow you to temporarily halt your federal student loan payments from March 13, 2020 until September 30, 2020.
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Decontaminating Surfaces
How do experts decontaminate surfaces? There are two steps: cleaning and disinfecting.
Business Insider has more 
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Monthly Economic Update
 Just as it appeared that April might be a repeat of March, stocks turned higher with signs of a slowdown in COVID-19 infections, especially in Italy and New York state. Though jobless claims were breathtakingly high, they were expected, allowing investors to focus on positive developments.
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