Credit risk is growing in U.S. commercial real estate with some banks exposed to “froth” in the apartment market in New York, Boston, Washington D.C., and San Francisco, a top U.S. banking regulator said on Monday.
The Office of the Comptroller of the Currency (OCC), which supervises large national banks, wants lenders to tighten up loan terms to property developers and it recently reissued its guidance on how banks should approach commercial real estate lending.
