1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i COVID-19: Policy Options for Commercial Real Estate and Commercial Mortgage-Backed Securities Markets July 13, 2020 Recently, some Members of Congress have raised concerns over the commercial real estate (CRE) and commerci
2、al mortgage-backed securities (CMBS) markets and have called on Treasury and the Federal Reserve (Fed) to address potential liquidity issues. Challenges in those markets are discussed in CRS Insight IN11427, COVID-19 Impact on Commercial Real Estate and Commercial Mortgage-Backed Securities, by Andr
3、ew P. Scott. This Insight examines a few policy options for addressing these issues. Why Residential and Not Commercial? Conditions facing residential and commercial mortgage markets have numerous similarities; however, significant differences arise from the federal governments involvement in these
4、markets. For instance, for both residential and commercial tenants, many are struggling to make payments to either their landlords or lenders. This in turn has created pressures on mortgage servicers who are supposed to advance payments from borrowers to lenders and investors. Additionally, investor