New York Community Bank has a message for the industry: Lending on rent-regulated buildings is still its bread and butter. Officials from New York Community Bank on its fourth quarter earnings call this morning fired back at analysts scrutinizing the bank’s multifamily portfolio in light of the new rent law. “We have been six months under new rent regulations, to date we are not seeing any negative asset-quality trends,” Joseph Ficalora, CEO of New York
source https://therealdeal.com/2020/01/29/new-york-community-bank-doubles-down-on-multifamily-lending/
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