Regulators Issue Final Rule on CRE Loan Modifications

Globe St., July 3, 2023-Erik Sherman
Last September, in anticipation of a potential CRE meltdown in the face of sharply escalating interest rates, the Office of the Comptroller of the Currency; the Treasury; Federal Deposit Insurance Corporation; and National Credit Union Administration published a proposed change to a 2009 policy addressing commercial real estate loan accommodations and workouts.