![]() ![]() lenders as property values decline and more borrowers default on their loans.įederal Reserve Chair Jerome Powell earlier in the month said that U.S. Office loans have posed concerns for some U.S. The statement from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp, the National Credit Union Administration and the Office of the Comptroller of the Currency updates and supersedes the previous guidance on commercial real estate loan workouts issued in 2009. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market.įinancial institutions should work "prudently and constructively" with good borrowers during times of financial stress, the agencies said in a statement.
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