Posted To: Pipeline Press

With the increase in COVID cases, plenty are heading back into captivity, and it is important to keep a level head . (What is so hard to understand about “stay away from each other”?) Also increasing are the forbearance percentages. We’ve seen the MBA’s surveys on forbearance in the residential sector, but what about commercial loans? While forbearance in the B2C residential market has become widespread, it is a very different, deal-by-deal process in the commercial market. There are high levels of distress in certain sectors of the commercial market. MBA’s commercial loan performance and forbearance surveys shows that as of May 20, 20% of the balance of hotel properties loans was non-current as was 10% of retail loan balances, versus just 1.6% of multifamily and…(read more)

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Source: Mortgage News Daily