. >> sandy mae fha, yeah sure they are going to sell that bank wells fargo, quicken, they're going ton and then they're gonna sell it to fannie or freddie or fha or whomever it is. there's going to be a buyer there. that's not going to change. if not a down the middle kind of potential homeowner with credit score loan-to-value ratio debt to income ratio you're not in the sweet spot of the loans the bank's gonna make that on their own balance sheet they're gonna take the risk. you may have a problem that might be more difficult for you. if you look at house prices relative to incomes, rents, things like that you think housing in america broadly speaking is a good deal right now? >> depends on where you are if you are out west, west of the mississippi house prices are very sharply very high relative to income and rent. valuation becoming an issue but with a downdraft in interest rates, that's going to give another jump up and house prices. here's what i say, abstract and from near-term things. the housing market, particularly for affordable housing, workforce housing, the plain-vanilla

there's also a fha, fannie mae,, freddie mac, andnd also intimatd foreclosure moratoriums. when it comes to fhfa's it took another step forward and said no to get mortgage forbearance for properties that of it mortgages that are backed by fannie or freddie, they first have to commit to not evicting any tenant in their properties. so there are some protections that are starting to be put out there for renters, for low income homeowners, but we need more to assure everybody that they will not lose their home. the rental assistant piece is critical and it's critical that it be tied with eviction moratoriums. that's because we want to make sure at the end of this crisis, when these moratoriums are lifted we want to make sure low income renters don't have a cliff they're going to fall off of in in terms of the back rent that is owed. so we don't want low income renters at the end of this to find they are saddled even more with the debt. and at the same time small property owners, small landlords can continue to make it up with the units that they don't income coming in. we also

want to make sure really looking at a fixed-rate mortgage, traditional mortgage by fannie mae or freddie mac or fha most banks and lenders carry. connell: talk about lessons learned. that is from the last time around. david, we appreciate it, good perspective own all of this. we got a lot of commentary on of the oil price decline. it is back above $34. steepest drop since 1991. russia, saudi arabia going back on price. hudson seen institute senior research fellow joins us on that. you look at politics, rebecca, right? what is going through the minds of russians and what are they trying to accomplish? >> well the saudis had pushed the russians to cooperate with them, trying to stablize the market, understanding that you have obviously the coronavirus is causing effect on the entire economy and the russians didn't want to do it. the russians want to be seen as a global power broker. they don't want to take direction from the saudis. they said no. the saudis and russians in the price war. the saudis determined perhaps what they're doing right now might cause the russians to regret and play ball better

taxes asap to get that credit if you have a mortgage backed by fannie mae or freddie mac or on federal housing administration loan, fha backed loans or mortgages, call your mortgage company anyway and say what are my options, can i defer payment without penalty, 60 days, 90 days you don't get it if you don't ask. >> that's the rule of thumb for everybody. get on the phone, call companies and see if you can get relief as you wait for the check hopefully it will be here. >> congress needs to act. >> thank you just ahead, a new update from tom hanks and rita wilson. what they are doing to fight quarantine boredom but first this is "today" on nbc. make your yard the envy of the block this spring at lowe'. with saving on craftsman, scotts and honda. so, you stay ahead of the pack. ♪ >>> we are back. it's now 8:47 with the latest on several high-profile coronavirus cases we've been following. >> that's right. overnight we got several updates from hollywood stars who are in quarantine after they tested positive here is nbc's joe fryer with the latest. >> reporter: this morning some good news from tom hanks and his wife rita

calabria who oversees the fhfa which is the primary regulator for fannie mae and freddie mac, and also secretary carson who oversees hud and fha prior to the bill being passed they both put out guidance allowing for forbearance and putting a temporary hold on mortgage foreclosures, evictions. so what this bill does is basically just write into law what those two people had already announced. and again, i want to commend them they didn't wait for congress to act. they came out last week and they already made these protections for american homeowners. we understand that, again, during this short period of time, homeowners need relief and that's what those two individuals had already provided >> mr. secretary, i know you have to go i want to thank you. this is a real good bill and it's a great start and i wish you the best of luck. and so does the country. thank you for joining us >> thanks, jim appreciate it. >> absolutely. >> david >> what did you think, jim did you hear what you wanted >> i feel like the small and medium sized businesses are protected. i like the business interruption i think they got through it, and they got