Daily Archives: May 19, 2020

As cash flows have plunged in the pandemic shutdown, many rents have not been paid and so payments on loans have been missed and investors who own commercial mortgage-backed securities (CMBS) that hold loans from hotels, apartments, offices and retail … Continue reading →

Worthwhile discussion in this segment. Fed liquidity can stall defaults and bail out some market participants, but not all, and not indefinitely.  Marks expects a slow and halting recovery from the coronavirus pandemic and says “there will be plenty” of … Continue reading →