As April 1 draws near and multifamily owners await rent, residential lenders are gearing up to deal with missed payments. With the economy on a coronavirus-induced rollercoaster, the Federal Reserve cut interest rates dramatically and mortgage rates hit an all-time low. Luxury contract signings have plunged as agents and potential buyers are staying home.
Tonight on TRD Talks Live, readers have a chance to learn from experts in the residential lending space. Editor James Kleimann will talk with Alan Rosenbaum, CEO & Founder of GuardHill Financial Corp., Ace Watanasuparp, SVP National Director of Strategic Sales at Citizens Bank, and Mark Favaloro, President of the New York Association of Mortgage Bankers. The group will consider the impact of low rates, the fallout from a possible storm of missed rent payments, and the mortgage market as we move through and out of this crisis.
Register here to tune in to the latest TRD Talks Live at 5 p.m. tonight.