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New York Community Bank: About Those Rent Control Laws

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.New york community bank was launched on April 14, 1859, in flushing, queens, as queens county savings bank and modified its name on December 15, 2000, to new York.

Rent-control laws apply to apartments in buildings that were constructed prior to February 1947.. New York Community Bank .. Such obligations are substantially similar to those imposed by the CRA. The latest New York State CRA ratings received by the Community Bank and the Commercial Bank.

New york community bancorp, Inc. operates as a multi-bank holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona.. About Those rent control laws: May 30: Why Is New York.

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New York Community Bancorp Inc. New York Community Bancorp, Inc. engages in the production of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents.

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New York Community Bancorp, Inc. (NYCB). and how the rent control laws are affecting loan volume and pre-payment income.. New York Community Bank stock price target cut to $9.50 from $11.50.

Last month, tiny Ossining, New york. community meetings rail against rent control in the ’80s: “Next to bombing, rent control is the best way to destroy cities.” Needless to say, disinvestment and.

Court of Appeals STATE OF NEW YORK —– In the Matter of the Application of. “family member” entitled to protections of New york rent control laws); Levin v. Yeshiva Univ., 96 N.Y.2d 484, 754 N.E.2d 1099. in New York and to the New York community it serves, who will be directly

The market has recently become convinced that New York Community Bank will suffer from possible changes in rent control regulations. Even if changes are implemented, they won’t impact credit quality,

We decline to speculate on what those changes will be," said Kenneth Fisher, an attorney representing Pinnacle. 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 March 6.