Banks have continued making loan modifications for the third quarter, according to a Moody’s Ratings report. The median percentage of CRE loans to non-owner occupied (NOO) borrowers — measured in percentages of the total collective dollar amounts — rose 65 basis points of total NOO CRE loans for the last nine months.

The Federal Reserve’s rate cuts so far offered “little opportunity for refinancing at reduced rates,” so extensions would seem likely part of the ongoing attempt to keep loans from sliding into delinquency and banks from having to write them down, Moody's said.

Stephen Lynch, vice president and senior credit officer at Moody’s Ratings, told GlobeSt.com that the firm examined about 65 rated banks in the first round of the reporting, however, only 39 banks disclosed data. The banks did not generally disclose the number of loans they had. “When it was, it was an issuer saying X number of loans were modified when X was a small number,” Lynch said.