Lawmakers Ask Fed to Help Businesses Struggling to Make Mortgage Payments

Wall Street Journal, June 23, 2020–Ben Eisen (subscription)
More than 100 members of Congress are calling on the Trump administration and the Federal Reserve to help struggling businesses pause debt payments in a key real-estate financing market. Many of the hotels, shopping malls and office buildings that borrow money in the roughly $550 billion market for commercial-mortgage-backed securities said they have been unable to negotiate debt reprieves during the coronavirus pandemic.
https://www.wsj.com/articles/lawmakers-ask-fed-to-help-businesses-struggling-to-make-mortgage-payments-11592904600?mod=lead_feature_below_a_pos1