The Aggressiveness of Lenders in Dealing With Distress

During the 2007-2008 financial crisis, lenders were able to work closely with their borrowers. Government intervention during COVID and in the period that has followed has been even more aggressive this time around. This is not a real estate driven crisis that we don't have deterioration in the performance of real estate portfolios as the driver of a deterioration in financial stability for the U.S.