NYCB Commercial Real Estate Loans: Will This Cause a Major Financial Crisis for Investors?
NEW YORK, USA – Investors are showing concern over the stock of New York Community Bancorp (NYCB) due to the changing economics of rent-stabilized apartment buildings in New York City. The regional bank’s prominent loan exposure is to these apartments, with half of its portfolio linked to numerous multifamily complexes in the Big Apple where annual rent increases are regulated by the government. Investors are worried that these properties could decrease in value due to …