‘Rent Strikes’ Could Wreak Further Havoc on Mortgage System
American Banker, Apr. 13, 2020–Hannah Lang (subscription)
The prospect of so-called rent strikes compounds the precarious position for apartment building owners during the pandemic. Borrowers of federally backed multifamily loans have some forbearance options provided by the government. But they are not as generous as the relief for single-family borrowers, and about half of multifamily loans are not federally backed.