Brick & Mortar Retailers, Malls, Mall-REITs, and their Debts: The Whole Schmear is Coming Apart by Wolf Richter • Jul 24, 2020 • 170 Comments There’s Just No Good Way Out.
CMBS Delinquency Rate Spikes by Most on Record by Wolf Richter • Jun 2, 2020 • 87 Comments Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment yesterday.
How the Unicorn Blowup & Oil Bust Bleed into Commercial Mortgage-Backed Securities by Wolf Richter • Apr 26, 2020 • 178 Comments CMBS get to eat it all: Amid overvalued vacant collateral, there is a new thingy: Tenants delaying rent payments and landlords asking for forbearance.
Post-Lockdown New Normal: Many Brick & Mortar Stores Will Not Reopen, CMBS will Default, Mess to Ensue by Wolf Richter • Mar 30, 2020 • 245 Comments Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
Four Mortgage REITs Collapse After Chaos Hit Markets for Residential & Commercial Mortgage-Backed Securities by Wolf Richter • Mar 24, 2020 • 187 Comments In good Financial Crisis manner, stuff blows up despite the Fed’s effort to stem the chaos. Now hoping for taxpayer bailouts.
Coronavirus May Deliver Coup de Grace to Overrated Commercial Mortgage-Backed Securities (CMBS) by Marc Joffe • Mar 24, 2020 • 72 Comments S&P made up for its tardiness by downgrading the CMBS in one fell swoop by 9 notches from AAA to BBB-, just one notch above junk.
Mall Shooting Highlights Folly of AAA-Rating of CMBS Backed by a Single Mega-Mall by Marc Joffe • Dec 16, 2019 • 89 Comments “I want to see rating agencies improve their performance before they contribute to another meltdown.”
WeWork CMBS Cause Jitters, Bonds Hit Record Low by Wolf Richter • Oct 4, 2019 • 114 Comments It’s so big: Soul searching in the Commercial Mortgage Backed Securities market.
Industry Holds Breath for Craziest-Ever Commercial Property Boom to Implode by Wolf Richter • Dec 7, 2015 • 24 Comments “If this isn’t the peak, we’re probably close.”
Fed Trips over Commercial Real Estate Bubble, Sees “Early Signs” of “Search for Yield” by Wolf Richter • Nov 10, 2015 • 28 Comments Intoxicating boom and terrifying bust.
