As hotels and retailers struggle to pay their mortgages in the age of coronavirus, political consensus is emerging around the need for the federal government to prop up the commercial mortgage-backed securities market. A bipartisan group of 100 Congressional representatives are expected to deliver a letter on June 23 to Treasury Secretary Steven Mnuchin and Fed Chairman Jerome Powell about the need for a lending facility to support commercial borrowers, according to the Wall Street
source https://therealdeal.com/2020/06/23/politicians-want-feds-to-rescue-cmbs-market/
No comments:
Post a Comment