Update: Commercial & Residential Real Estate, MSRs

New York | Earlier in the week, we wrote to our clients and colleagues in the secondary mortgage market about the growing dichotomy between urban and suburban commercial real estate exposures, and similar residential housing assets. We noted an important article in National Geographic that clearly lays out the long-term situation faced with COVID. Basically, we are years or even decades away from a solution that will restore full function to urban real estate assets:

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