US banks face loss risk from multi-family property loan exposure, says Fitch
28 March 2024
WASHINGTON, March 27 (Reuters) – U.S. banks with significant lending exposure to some multi-family properties and particularly rent-controlled housing are vulnerable to posting losses this year on rising costs facing landlords, according to Fitch Ratings analysts. On a Wednesday call, Fitch Ratings analysts highlighted the risks facing banks which have underwritten loans behind apartment complexes and other […]
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