U.S. bank regulators are saying that losses on souring commercial real-estate loans pose the biggest risk to lenders and they will issue guidelines to help the institutions modify the agreements.
FDIC Chairman Sheila Bair said, “The most prominent area of risk for rising credit losses at FDIC-insured institutions during the next several quarters is in CRE lending”
Large concentrations of commercial property loans and other mortgage loan purchase are behind many of the 123 banks that failed in the past two years, draining the FDIC’s deposit insurance fund.
Bair said, “Commercial real- estate loans totaled almost $1.1 trillion as of June, representing 14 percent of all loans and leases”
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