DataDigest: Office debt is stressing banks. That matters for mortgages.
Housing Wire
FEBRUARY 14, 2024
1, the company had lost 45% of its market value. A wave of office debt at regional banks Higher capital requirements after the 2008 financial crisis caused large banks to pull back on their commercial real estate lending; regional banks, unburdened by those requirements, seized the opportunity for expansion, Bloomberg has reported.
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