Shutterstock.
NEW YORK CITY- As the coronavirus pandemic unfolds with no resolution for eradication, real estate stakeholders are on the sidelines trying to forecast just how much economic damage has been done, with many having their eyes toward the flood of forbearance requests mortgage servicers are fielding, Richard Green, director of the USC Lusk Center for Real Estate, tells GlobeSt.com.
"Mortgage service guys are dying because of forbearance [...] they don't have the cash-flow to meet their obligations to commercial mortgage-backed securities," he said." If that main channel of finance goes way, it will definitely have a broader impact."
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
