Sharp Increase in Non-Payment on Hotel and Retail Loans, Bank Earnings, Downgrade Risk in CLOs

We discuss the sharp increase in non-payment on hotel and retail loans, the discouraging macroeconomic data, takeaways from bank earnings reports, downgrade risk in CLOs, and what we're doing to keep our sanity. Episode Notes: The discouraging economic data (00:52) Takeaways from bank earnings reports (02:23) The sharp increase in non-payment on hotel and retail loans (07:20) How are CMBS servicers and borrowers dealing with forbearance requests? (10:48) The outlook for the multifamily and office sectors (14:42) Downgrade risk in CLOs? (19:58) What are we doing to keep our sanity? (27:56)