I think the reason they aren’t doing loans is because there has been a >20% decrease in real estate value given the slow down in travel and even commuting to wo

I think the reason they aren’t doing loans is because there has been a >20% decrease in real estate value given the slow down in travel and even commuting to work. it’s clear from reit prices. it’s just that the residential market is very high friction and illiquid that we don’t see the price change on Zillow yet.