Auto loan payments soared to yet another record in the first quarter

Auto loan payments soared to yet another record in the first quarter

Customers inspect a Fiat Chrysler Automobiles NC Dodge Grand Caravan minivan at a Carvana Co. location in Westminster, California, U.S., on Thursday, May 28, 2020. Patrick T. Fallon | Bloomberg | Getty Images As the coronavirus was spreading from China to Europe and eventually to the U.S., Americans borrowed a record amount of money to […]
Retail, hotel borrowers skip mortgage payments: Trepp

Retail, hotel borrowers skip mortgage payments: Trepp

The coronavirus outbreak is already causing a spike in commercial mortgage delinquencies in the hotel and retail sectors, a new analysis finds.  The data speaks to a bigger fear haunting the commercial real estate industry: That Covid-19 could spark an even bigger...
Mall owners worried over mortgage payments as retailers skip rent

Mall owners worried over mortgage payments as retailers skip rent

This April 25, 2019 file photo shows the exterior view of the construction site of the American Dream mall in East Rutherford, N.J. Julio Cortez | AP Retailers are worried about paying rent because of the damage from the coronavirus pandemic. And that has mall owners...