A report from the Wall Street Journal. "As the novel coronavirus causes turmoil in property markets, some of the most risk-hungry real-estate lenders are starting to come under pressure. Funding debt investments with bank loans has allowed REITs and debt…
A report from Bloomberg. "Tom Barrack, who a week ago warned that commercial real estate financing was on the brink of collapse because of the coronavirus pandemic, is now calling for a moratorium on margin calls and intervention by the…
A report from Realtor.com. "'The biggest initial coronavirus hit will be felt in the tourism and hospitality industries,' says realtor.com Chief Economist Danielle Hale. These are the same places where folks tend to buy vacation homes. 'Second-home markets tend to…
A report from Housing Wire. "It looks like borrowers who don’t fit neatly into Fannie Mae and Freddie Mac’s lending criteria could soon be running out of options if they want to buy a house. Over the last week, many…
A report from the Los Angeles Times in California. "At the start of 2020, the Southern California housing market was heating up, juiced by cheap money and a growing economy. Then a global pandemic hit. Deals are now falling out…
It's Friday desk clearing time for this blogger. "Mortgage firms are bracing for a wave of missed payments starting April 1 as borrowers lose their jobs as a result of the coronavirus epidemic. The firms, which collect money from borrowers…
A report from Bloomberg. "As America heads into a deep recession, the $11 trillion residential-mortgage market is in crisis. Investors who buy home loans packaged into bonds are dumping even those with federal backing because of panic that millions might…
A report from the Wall Street Journal. "A mortgage-lending company sponsored by private-equity giant TPG is delaying dividend payments and said it is in danger of running out of money if market turmoil continues, a fresh sign that nonbank lenders…
Two reports from the Wall Street Journal. "Several investment funds focused on mortgage investments are examining assets sales, and at least one is struggling to meet margin calls from lenders. Over the weekend, hedge funds, insurance companies and private-equity firms…
A report from Bloomberg. "A crisis in credit markets deepened over the weekend and into Monday as a cluster of funds that own mortgage bonds sought to sell billions in assets to meet investor redemptions, sparking pleas for government intervention.…