Monthly Archives: May 2020

Landlords are worried increasingly fewer tenants will pay rent over covid-19 job losses

As of April 26, 91.5% of renters in professionally managed buildings had made full or partial payments. That compares with 95.6% during the same period last year, according to the National Multifamily Housing Council. “The real question is are they going to pay their rent, or are they going to hoard cash because they think…

Mortgage bailout swells to 4.1 million borrowers, but demand is slowing

Nearly 4.1 million homeowners are not making their monthly mortgage payments, representing 7.7% of all active mortgages. The number of forbearances represents $890 billion in unpaid principal and includes 6.4% of all Fannie- and Freddie-backed loans and 11% of all FHA/VA loans. In the past week, 225,000 more borrowers took advantage of government and bank…