Illinois Gov. JB Pritzker, Michigan Gov. Gretchen Whitmer, Ohio Gov. Mike DeWine, Wisconsin Gov. Tony Evers, Minnesota Gov. Tim Walz, Indiana Gov. Eric Holcomb and Kentucky Gov. Andy Beshear jointly announced the COVID-19 partnership.
Nearly two-thirds of loans granted forbearance were for hotels.
The pandemic’s impact has caused uncertainty in the traditional residential transition loan market, despite fundamentals for housing remaining “relatively stable.”
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