Fed, IRS try to limit problem loans in commercial real estate
The Federal Reserve is stepping up its scrutiny of commercial real estate loans at smaller banks, which have seen delinquency rates double in the past year.
At the same time, the IRS issued rules Tuesday designed to make it easier to refinance some commercial real estate loans, to try to curb the number of defaults.
Instead of reviewing individual banks, Fed examiners are comparing results across the industry to better assess broader risks, a Fed official said Wednesday. The official spoke on condition of