MBA’s analysis incorporates the measures used by each individual investor group to track the performance of their loans. Together, these groups hold more than 80% of commercial and multifamily mortgage debt. The quarterly analysis looks at delinquency rates for five of the largest investor groups: FDIC-insured banks and thrifts, commercial mortgage-backed securities, life insurance companies, and Fannie Mae and Freddie Mac. “Delinquency rates increased for every major capital source during the first quarter, foreshadowing additional strains that are likely to work their way through the system,” Woodwell said. Together with tightening credit, as a result of bank failures this spring, commercial and multifamily companies are facing headwinds. Over the past 14 months the Federal Reserve has hiked rates 10 times, pushing the cost of borrowing ever higher. “Ongoing stress caused by higher interest rates, uncertainty around property values, and questions about fundamentals in some property markets are beginning to show up in commercial mortgage delinquency rates,” said Jamie Woodwell, MBA’s head of commercial real estate research.Ĭommercial real estate was hit hard by the pandemic, with fewer people returning to offices and spending money - eating lunch, getting their nails done, using dry cleaners - in those corridors. Commercial and multifamily mortgage delinquencies increased in the first quarter of 2023, according to a new report from the Mortgage Bankers Association.
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Through extraordinary revelations and extensive research that Ta-Nehisi Coates has lauded as "brilliant" ( The Atlantic), Rothstein comes to chronicle nothing less than an untold story that begins in the 1920s, showing how this process of de jure segregation began with explicit racial zoning, as millions of African Americans moved in a great historical migration from the south to the north.Īs Jane Jacobs established in her classic The Death and Life of Great American Cities, it was the deeply flawed urban planning of the 1950s that created many of the impoverished neighborhoods we know. Rather, The Color of Law incontrovertibly makes clear that it was de jure segregation - the laws and policy decisions passed by local, state, and federal governments - that actually promoted the discriminatory patterns that continue to this day. In this groundbreaking history of the modern American metropolis, Richard Rothstein, a leading authority on housing policy, explodes the myth that America's cities came to be racially divided through de facto segregation - that is, through individual prejudices, income differences, or the actions of private institutions like banks and real estate agencies. The use of driving lessons as an analogy for Li'l Bit's dark journey is an effective one, and enables her uncle to combine his two passions in life his car and his niece (a passion which started, he disturbingly reveals, when she was a newborn baby). This means the abuse grows more disturbing as the play progresses, building to the first instance of impropriety during a driving lesson when Li'l Bit is just 11. The play explores the abusive relationship between Peck and Li'l Bit over a number of years, cannily serving the key scenes in reverse chronological order. Paula Vogel's 1997 Pultizer Prize-winning play introduces us to a truly vile family living in 1960s Maryland.Īlarm bells ring when we discover they all have nicknames based on their genitalia – the teenaged daugher is Li'l Bit, her grandfather is Big Daddy and her 40-something uncle has the aptly creepy moniker of Peck. Life lessons: William Ellis and Olivia Poulet in How I Learned to Drive Too bad neither has any idea that a rip current is about to drag both their hearts out to sea. But with their upcoming futures sending them to opposite ends of the country, the two decide to maintain only a casual summer fling. Yet, the connection between them is too intense to ignore. But two months before she’s finally free to change her life for the better, an unexpected death leaves her homeless and forced to spend the remainder of her summer in Texas with a father she barely knows.ĭevastated and anxious for the summer to go by quickly, Beyah has no time or patience for Samson, the wealthy, brooding guy next door. Moving, passionate, and unforgettable, this novel from 1 New York Times bestselling author Colleen Hoover follows two young adults from completely. The number-one New York Times best-selling author of Verity and It Ends With Us delivers another breathtaking novel with a magnetic suspense that will keep you. Moving, passionate, and unforgettable, Colleen Hoover's novel follows two young adults from completely different backgrounds embarking on a tentative romance, unaware of what the future holds.Īfter a childhood filled with poverty and neglect, Beyah Grim finally has her hard-earned ticket out of Kentucky with a full ride to Penn State. As the story follows their summer break more of their similarities are revealed. This author is an absolute must read for us so I had it on pre-order for release day, and started it straight away This story follows our two main characters who have seemingly very different backgrounds. From the #1 New York Times bestselling author of It Ends with Us and It Starts with Us! Heart Bones is the latest offering from colleenhoover. Only, on the journey to reach her betrothed and new home, the royal caravan is ambushed, and Jenna realizes the rumors were wrong-the new threat is worse than anyone imagined. Jenna must leave behind everything she has ever known if she is to give her people a chance at peace. Princess Jennesara knows her skills on the battlefield would make her an asset and wants to help, but her father has other plans.Īs the second-born heir to the throne, Jenna lacks the firstborn's-her brother's-magical abilities, so the king promises her hand in marriage to the prince of neighboring Turia in exchange for resources Hálendi needs. It's losing the war at its borders, and rumors of a new, deadlier threat on the horizon have surfaced. For fans of Sorcery of Thorns and Furyborn comes a thrilling new fantasy about a kingdom ravaged by war, and the princess who might be the key to saving not only those closest to her, but the kingdom itself, if she reveals the very secret that could destroy her. Vanja has just two weeks to figure out how to break her curse and make her getaway. Then, one heist away from freedom, Vanja crosses the wrong god and is cursed to an untimely end: turning into jewels, stone by stone, for her greed. Now, Vanja leads a lonely but lucrative double life as princess and jewel thief, charming nobility while emptying their coffers to fund her great escape. The real Gisele is left a penniless nobody while Vanja uses an enchanted string of pearls to take her place. That was when Vanja’s otherworldly mothers demanded a terrible price for their care, and Vanja decided to steal her future back… by stealing Gisele’s life for herself. Vanja, the adopted goddaughter of Death and Fortune, was Princess Gisele’s dutiful servant up until a year ago. Vanja Schmidt knows that no gift is freely given, not even a mother’s love–and she’s on the hook for one hell of a debt. Once upon a time, there was a horrible girl… Opening line: Once upon a time, on the coldest night of midwinter, in the darkest heart of the forest, Death and Fortune cam to a crossroads. Its intelligence, passion and insight assure its place among the distinguished voices of our age proclaiming the ascendancy of the human spirit over tyranny. The candor and intimacy of this affecting memoir make it addictive reading. Life and Death in Shanghai is the powerful story of Chengs imprisonment, of the deprivation she endured, of her heroic resistance, and of her quest for justice. When the political climate softened, and she was released, Cheng learned that her fears were justified: Meiping had been beaten to death when she refused to denounce her mother. Nien Cheng is a Chinese American author who recounted her harrowing experiences of the Cultural Revolution in her memoir Life and Death in Shanghai. Despite harsh privationeven tortureshe refused to confess and was kept in solitary confinement for over six years, suffering deteriorating health and mounting anxiety about the fate of her only child, Meiping. As the rumblings fast became a cataclysm, Cheng found herself a target of the revolution: Red Guards looted her home, literally grinding underfoot her antique porcelain and jade treasures and she was summarily imprisoned, falsely accused of espionage. In 1966, only the merest rumblings of political upheaval disturbed the gracious life of the author, widow of the manager of Shell Petroleum in China. This gripping account of a woman caught up in the maelstrom of China's Cultural Revolution begins quietly. However, I’m willing to overlook it, especially if he does better in the sequel. Actually, alright, Hector deserves a bit better than Ari’s mess. Ari can be adorable, but is overall a bit of a hot mess. Hector is a little ray of sunshine and love that everyone needs in their life. If you have any other cute boys baking drop them in the comments because I adore it. Those three words are all I need to read something. As they grow closer over batches of bread, love is ready to bloom… that is, if Ari doesn’t ruin it.Ĭute boys baking. Hector loves baking just as much as Ari wants to escape it. When he meets Hector, an easy going baker and Ari’s replacement at the bakery, his plans start to go sideways. Be what you love.”Īri loved working at the bakery with his family when he was younger, but now he wants to escape to the city with his band. “Maybe just… don’t try to be what you think you should be. That being said, Judy Blume specializes in giving her readers a very realistic idea of real life events and experiences.Ĭritiquing the actual book, I didn’t like how the relationship between Michael and Katherine seemed to happen over a short period of time. If I had to figure it out on my own, why should young girls be given a handbook to sex? Why tell them everything that happens? Its one thing to have the birds and bees talk, another to give away all the trade secrets that girls have to learn on their own. “What happens when you have feelings for someone else?”įrom my experience in relation to the novel, Blume described a girl’s first make-out/touchy-feely/sexual encounter quite accurately. “What is your first time with a boy like?” “Is your first love supposed to be your true love?” Questions such as these were placed throughout the book: I was curious to know how Blume wrote and expressed the ideas of losing your virginity.įorever. by Judy Blume, is the tale of how Katherine loses her V-Card to her first real boyfriend Michael. More to the point, your first time having sex. And the only reason I read it was because of the topic: sex. This was actually the first Judy Blume book I have ever read. |