New York Community Bank: About Those Rent Control Laws

New york community bancorp, Inc. (NYCB) is a bank headquartered in Westbury, New York, with 225 branches in New York, New Jersey, Ohio, Florida, and Arizona. NYCB is on the list of largest banks in the United States.. Almost all of the loans originated by the bank are either multi-family or commercial loans, many of which are in New York City and are subject laws regarding rent control in New York

The package of bills would limit landlords’ ability to raise rents or remove units from regulation. Shares of banks that lend to landlords declined in New York trading. Signature Bank fell as much as 4.7%, while New York community bank dropped about 5.25%.

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Officer and Director Profiles.. Mr. Quinn is a graduate of Northwestern University and of Hofstra University’s School of Law. He serves as a trustee of the New York Community Bank Foundation.. John M. Tsimbinos has been a Director of New York Community Bancorp, Inc. and New York.

For the 1st time in 3 years, lenders finally expect to turn a profit Then work on a profit and loss statement for the first year. A lender will definitely want to see this one. And, even though it’s meaningless, lenders like to see a startup balance sheet. The other statements – the break-even analysis and the cash flow statement – are good to have, but if you run out of time, you can provide these later.

Bank shares. Shares of New York Community Bank, a lender to owners of rent-regulated buildings-including Wiener, who had more than $730 million in loans at the end of March-are down 18% since.

New York City’s oft-discussed gentrification problem is hardly the only explanation for these numbers. The eviction rates in small to mid-sized cities like Auburn and Gloversville have surpassed those.

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Wednesday’s event in the Bronx brought together commercial real estate experts to dissect the recently passed Housing.

It’s a perfect time to buy New York Community Bank, except for one new issue: New york city rent control laws are on the table and there’s talk of them being dramatically changed. So let’s talk about them. Data by YCharts. About those rent control laws

SeekingAlpha: New York Community Bank: About Those Rent Control Laws Earnings: The last annual fiscal eps for the company was reported at 0.79 that ended on 31st of December 2018, which according to the previous close, that is a PE of 12.96.

New York Gov. Mario Cuomo calls New York’s new rent control law "the most sweeping, aggressive tenant protections in state history." Opponents of the law, which Cuomo enacted June 14, feel that it represents a troubling move against apartment owners and developers in New York, particularly in New York City.

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