I think supply chain managers will think differently about how they value agility, whether or not they’re willing to pay a little bit more to have a contract with a vendor that might be able to go online quickly if need be. My expertise is in the retail space, and I think we’re going to …
Continue reading “How will COVID-19 change the supply chain? | Chicago Booth Review”
While conducting research for the white paper, Risk Ledger found that extraordinary pressure is being put on IT and security teams to secure remote working infrastructure and other crisis measures. Haydn Brooks, Founder and CEO of Risk Ledger, said, “We see many companies, particularly medium-sized service providers in the supply chains of large enterprises, struggling …
an unprecedented global event and Colony Credit Real Estate remains committed to the welfare of all of our stakeholders as we navigate this evolving situation.” Tweet this Michael J. Mazzei commented, “First and foremost, we want to convey our best wishes for everyone’s health and safety during these difficult times. The COVID-19 pandemic remains an …
Force Majeure Force majeure clauses in leases will be critical in the wake of the wide-ranging impacts of COVID-19. These provisions temporarily excuse non-performance by a party in the event of certain extreme events (each a “Force Majeure”). Depending on the drafting of the applicable language, upon a Force Majeure, the tenant may be excused …
Continue reading “Real Estate & COVID-19: Commercial Lease Guidance”
The Mortgage Credit Availability Index—a gauge of how easy it is to obtain a home loan—tumbled 16% in March to the lowest level in five years, as banks grew wary of more borrowers requesting delayed payments (forbearance) made possible by the government’s stimulus program. An estimated 25% of the loans written by Redfin Mortgage last …
Borrowers with government-backed loans can delay up to a year’s worth of payments if they have experienced financial strain caused by the novel coronavirus. Nearly 7% — 3.5 million — of all mortgage borrowers have asked to be put into forbearance plans, according to the Mortgage Bankers Association in Washington, D.C. Forbearance plans allow homeowners …
Continue reading “Forbearance rates are going to crush bank balance sheets”
If you don’t have 20% down and a 700+ credit score, then no bank is going to lend you money right now. The real estate market is imploding. “It’s almost impossible to do an FHA [Federal Housing Administration] loan with a credit score of less than 660 right now,” said Justin Rosenal, senior sales vice …
.. biggest drop ever to its lowest level since May 2011. — Read on http://www.zerohedge.com/personal-finance/pending-home-sales-plummet-record-march-lowest-level-2011 Real estate market is moribund until the cat is pronounced alive, or dead. Banks won’t lend, sellers are scared, buyers are spooked, and until there is a massive change in consumer sentiment the situation will remain volatile.
This will destroy the commercial real estate market and any bank holding mortgages. These banks will not survive unless the $US and $HK peg is shattered. We are spiraling into a worldwide depression, characterized by massive inflation in consumables and massive deflation in durables. Terrifying combination. Hong Kong’s monetary authority has instructed all banks in …
What’s more, its households are among the world’s most indebted, poorly placed to weather the storm. “I think it is the Great Reckoning,” says Douglas Hoyes, a bankruptcy trustee in Kitchener, Ontario. “We’ve been in a period for so long where it didn’t matter what property you bought or how highly leveraged you were. Well, …
Continue reading “Once Safer Than Gold, Canadian Real Estate Meets Its Match – Bloomberg”
COVID and Supply Chains 