Community banks already feeling the squeeze of rent reforms

While it remains to be seen how Albany’s looming rent reforms will impact New York’s multifamily owners, the anticipated changes are already pummeling their lenders. New York Community Bank, Signature Bank and Dime Community Bank have lost a combined $2.5 billion in market capitalization since the spring when the debate over rent regulations began to paint an increasingly dimmer picture for multifamily financials. All three banks saw their stocks decline sharply on Wednesday, the day […]

source https://therealdeal.com/2019/06/13/community-banks-already-feeling-the-squeeze-of-rent-reforms/