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 multifamily properties
To continue reading the rest of the article, please click on the source link below:
https://www.reuters.com/business/finance/us-banks-face-loss-risk-multi-family-property-loan-exposure-says-fitch-2024-03-27/
