On September 11, the FHFA announced next steps in the adoption of new credit score requirements by Fannie Mae and Freddie Mac. The FHFA is forming stakeholder forums and listening sessions to solicit additional public engagement during the transition.

According to the Wall Street Journal, U.S. banks doubled their commercial real estate (CRE) lending between 2015 and 2022, with many loans originated by small and medium-sized banks. According to WSJ analysis, bank’s total exposure to CRE—including indirect exposure such as bank lending to CRE financial companies, investments in CMBS, and foreclosed CRE properties owned by banks—is approximately $3.6 trillion.

According to the Wall Street Journal, investors are finding opportunities in commercial real-estate (CRE). CRE owners have started to sell distressed properties at lower prices. Investor opportunities may continue to rise as CRE values have fallen 10-15 percent from Q3 2022, with the potential to fall up to 25 percent.