Managing and mitigating cybersecurity risk will always be a challenge and concern for the financial services industry, and the real estate finance sector is not immune. Unfortunately, there are actors …
CMF Newslinks Archive
Federal Agencies Issue Final Rule to Mitigate CECL Effects
Three federal agencies on Friday announced actions to allow banking organizations to continue lending to households and businesses: providing an optional extension of the regulatory capital transition for the new credit loss accounting standard; and allowing early adoption of a new methodology on how certain banking organizations are required to measure counterparty credit risk derivatives contracts.
Hotels See Gap in Rescue, Seek Fed Commercial Mortgage Bond Aid
Roll Call, Mar. 30, 2020–Jim SaksaEven as the president signs the largest economic assistance package in U.S. history into law, industry groups are saying more needs to be done. Before …
Macy’s to Furlough Most Workers as Stores Stay Shut During Pandemic
Wall Street Journal, Mar. 30, 2020–Suzanne Kapner (subscription)The department store operator, which employs roughly 130,000 people, told staff on Monday that it would continue to pay health benefits and cover …
New York City Real Estate In Q1 2020: How The Pandemic Has Affected A Quarter That Started Strong
Forbes, March 31, 2020–Frederick PetersThe New York real estate market began 2020 with an unusually strong January with surging buyer interest in a wide number of properties spanning all price …
Homeland Security Says Real Estate is ‘Essential Business’
The Real Deal, March 31, 2020As the real estate industry remains split on whether the services it provides are “essential” during a pandemic, one federal agency has weighed in with …
Coronavirus Fallout May Test Commercial Real Estate Industry’s ‘Extend and Pretend’ Limits
Sacramento Business Journal, March 27, 2020–Emily Hamann, Ben van der Meer Commercial real estate experts agree it’s too early to tell how or when vulnerabilities will come to the fore …
Will the Coronavirus Change Real Estate Landscape Forever?
Orange County Register, March 27, 2020–Allan Buchanan As our local economy is in virtual lockdown and the raging tsunami of disruption roils our psyche, will commercial real estate and its …
Why You May Still be Working From Home After the Coronavirus Crisis is Over
MarketWatch, March 26, 2020–Alexandre Lazarow Remote work is here to stay. The coronavirus crisis is making companies and employees increasingly more comfortable about working from home or out of the …
Where CRE Liquidity Stands Today
GlobeSt.com, March 26, 2020–Erika Morphy With the CMBS market frozen, lenders that rely on this exit strategy are staying put. https://www.globest.com/2020/03/26/where-cre-liquidity-stands-today/?