The increase, though, is relatively modest compared to expectations, as more borrowers likely became 30-day delinquent on May 1.

New issuance of non-agency CMBS has been stalled for a month and prospects are dim for much of a comeback until the market gets a clearer view of the impact of the coronavirus.

Ladder Capital and Colony Credit Real Estate recently sold assets at a loss in an effort to increase liquidity.

The collateralized loan obligation market has been hit hard by the coronavirus pandemic as it sees a tidal wave of issuer downgrades.

Following pressure from industry participants and lawmakers, the Federal Reserve added legacy commercial MBS and CLOs to the TALF. Industry is hoping that eventually non-QM assets might be covered.

With markets reeling from the impact of the coronavirus, trade groups have called for the suspension of the mark-to-market accounting rule.

Commercial mortgage REITs are coming under pressure due to investor concerns and liquidity issues triggered by COVID-19.

AG Mortgage Investment Trust filed a lawsuit to stop Royal Bank of Canada from selling commercial MBS the company is a counterparty to. The bank for now has decided to postpone the auction.

On the same day that the Federal Reserve bought its first $1 billion in agency multifamily MBS, it purchased more than $41 billion in agency single-family MBS.

Delinquencies in commercial MBS loans are likely to jump due to the economic impact arising from the COVID-19 outbreak, with hotels and malls likely to be the early casualties.