News

Landmark Links March 31st – Deep Thoughts

It’s hard to be certain about much of anything in this sort of crazy environment.  That doesn’t mean that its not important to try to think creatively to develop a framework for the world as it is today – both in a macro and a micro sense.  With that in mind, here’s eleven things I […]

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Landmark Links March 30th – Stuck in the Middle

What I’m Reading:  Stuck in the Middle: There is a mortgage crisis building, brought about by a wave of new originations, thanks to low interest rates, followed by a second wave of deferred payments thanks to a stopped economy.  This has left servicers – who are obligated to make payments to bond holders whether they […]

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Landmark Links March 27th – Unseen Risk

Lead Story: Legaldictionary.net defines Force Majeure and Frustration of Purpose as follows: Force Majeure: Noun. Greater, superior, or irresistible force. Noun. An event that cannot be reasonably anticipated or controlled. Noun. An unexpected, disruptive event that may excuse a party from performing duties under a contract. Frustration of Purpose:  Noun. A defense used for failing to […]

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Landmark Links March 26th – Silver Bullet

Lead Story: April Fools Day will be a moment of truth for commercial (and residential) landlords and tenants in the coronavirus crisis.  That’s because its the first time that rent will be due since the economy went into a virtual shutdown.  There is a high degree of likelihood that movie theater, restaurant, gym, office and […]

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Landmark Links March 25th – Chain Reaction

Lead Story: Widespread rent and mortgage abatement has been in the news lately for good reason.  The economy is in a deep freeze and layoffs are accelerating, meaning that less people have the ability to make rent and mortgage payments.  However, the way that this is being dealt with risks creating a domino effect if […]

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Landmark Links March 24th – Lock and Load

Lead Story: The Federal government may not be doing a damn thing to get a much-needed fiscal stimulus package done – but the Federal Reserve certainly is holding up its end of the bargain.  Over the weekend, a large mortgage fund got hit with margin calls and had to liquidate $1.25 billion of securities, sending the […]

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Interesting Times

The phrase “may you live in interesting times” is a somewhat ubiquitous anecdote that has been widely mis-attributed over the years.  Per Wikipedia: May you live in interesting times” is an English expression which purports to be a translation of a traditional Chinese curse. While seemingly a blessing, the expression is normally used ironically; life is better in “uninteresting […]

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Landmark Links March 20th – Ground to a Halt

Must Read: It has now been a couple of weeks since the world largely stopped.  The speed with which this recession has hit has been nothing short of shocking.  I’ve spent a good portion of the past few days on the phone with contacts throughout the industry to get a gauge on what they are seeing […]

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Landmark Links March 17th – Greater Good

Must Read: I started writing something longer today but decided against it.  All of the relevant news – financial and otherwise – is about one thing right now and things are changing so quickly that its almost irrelevant by the time that you would read it anyway.  In addition, posting a bunch of stories when the […]

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Landmark Links March 13th – Perspective

“…There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don’t know we don’t know. And if one looks throughout the history of our country […]

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