NEW YORK CITY- As the coronavirus pandemic unfolds with noresolution for eradication, real estate stakeholders are on thesidelines trying to forecast just how much economic damage has beendone, with many having their eyes toward the flood of forbearancerequests mortgage servicers are fielding, Richard Green, directorof 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 tocommercial mortgage-backed securities," he said." If that mainchannel of finance goes way, it will definitely have a broaderimpact."
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