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New York Community Bancorp’s Troubles Extend Beyond Offices

Por: MarketWatch Business February 01, 2024

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The added reserves reflected weakness in the office sector and what the company referred to as “loan repricing risk” in the multifamily loan book, an apparent reference to the impact of higher loan rates on borrowers. The bank’s New York rent-regulated portfolio totaled $18.3 billion at the end of 2023, or about half its multifamily loan book. The bank had total loans of $84 billion. New York Community Bancorp’s rent-regulated portfolio... + full article



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