The Intercept

@theintercept ↗

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Last Checked July 17, 2022

Created

Tue Apr 20 19:55:17 +0000 2021

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The Intercept @theintercept

Now it may be happening again — this time not with residential mortgage-backed securities, based on loans for homes, but commercial mortgage-backed securities, or CMBS, based on loans for businesses. — PolitiTweet.org

Posted April 20, 2021 Hibernated

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The Intercept @theintercept

Loan companies, often without informing the borrowers themselves, would claim that a bartender was making $500,000 a year, allowing them to borrow enough money to buy a home that they couldn’t possibly afford. https://t.co/NnNfGDfOgm — PolitiTweet.org

Posted April 20, 2021 Hibernated

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The Intercept @theintercept

And this industrywide scheme is colliding with a collapse of the commercial real estate market amid the pandemic, which has business tenants across the country unable to make their payments. — PolitiTweet.org

Posted April 20, 2021 Hibernated