08:05 AM EDT, 08/05/2024 (MT Newswires) -- Fannie Mae and Freddie Mac are poised to impose heightened rules for commercial property lenders and brokers, The Wall Street Journal reported Monday, citing people familiar with the preliminary plans.

Under the rules, lenders would have to independently verify financial information tied to borrowers for apartment complexes and other multifamily properties, the sources reportedly told The WSJ. The new regulations might also require lenders to complete due diligence on the appraised value of a property by, for example, evaluating its financial performance, according to the report.

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