Bloomberg, Mar. 12, 2020The central bank has been under increasing pressure to act as investors have been losing faith in the Trump administration’s efforts to contain the economic fallout.https://www.americanbanker.com/articles/fed-unveils-dramatic-measures-to-ease-market-strain-from-virus
Category: Top National News
WSJ Survey: Coronavirus to Trigger U.S. Economic Contraction in Second Quarter
Wall Street Journal, Mar. 13, 2020–Harriet Torry, Anthony DeBarros (subscription)Economists sharply cut forecasts for the U.S. economy this year, predicting it will contract in the second quarter and raising expectations …
Fed Unveils Dramatic Measures to Ease Market Strain from Virus
Bloomberg, Mar. 12, 2020The central bank has been under increasing pressure to act as investors have been losing faith in the Trump administration’s efforts to contain the economic fallout.https://www.americanbanker.com/articles/fed-unveils-dramatic-measures-to-ease-market-strain-from-virus
CRE Lenders Grapple with Latest FASB Rules
National Real Estate Investor, Mar. 10, 2020–Beth Mattson-TeigFinanciers adjust as the current expected credit losses methodology has begun to take effect for many players. (MBA Mention)https://www.nreionline.com/lending/cre-lenders-grapple-latest-fasb-rules?
Uncertainty Freezes Hotel Sales in Manhattan
National Real Estate Investor, Mar 9, 2020–Bendix AndersonNew York City hotel sales had crashed to a halt even before coronavirus took a bite out of people’s travel plans and disrupted …
Coronavirus May Stall U.S. Economy, Goldman Sachs Says
HousingWire, Mar. 9, 2020–Kathleen HowleyGDP growth will slow to 0.7% in the current quarter, the worst pace since the financial crisis, and grind to a halt in the second quarter, …
Policy Remedies for Coronavirus Appear Imminent
Commercial Property Executive, Mar. 10, 2020–Paul FiorillaCoronavirus’ impact on the commercial real estate market no longer seems limited to a handful of segments, such as hotels or industrial parks.https://www.cpexecutive.com/post/policy-remedies-for-coronavirus-appear-imminent/
Is the Real Estate Industry Prepared for the Transition Away From LIBOR?
Commercial Observer, Mar. 9, 2020–Zurab Moshashvili; Leena DanielThe London Interbank Offered Rate will cease to exist beyond 2021 without a single universal rate to replace it. The potential disruption has …
Landlords Aim to Keep Offices Squeaky Clean as Coronavirus Spreads
The Real Deal, Mar. 5, 2020–Eddie SmallThe coronavirus outbreak wreaking havoc on the stock market and hotel industry is having an impact on the office market as well.https://therealdeal.com/2020/03/05/landlords-aim-to-keep-offices-squeaky-clean-as-coronavirus-spreads/
The Termination of LIBOR An Update on Implications for the Mortgage Market
Urban Institute, Mar. 5, 2020–Laurie Goodman, Edward GoldingThe authors see signs of progress, albeit less than might have been expected. They believe that many market participants will look to Fannie …