New York Community Bank: About Those Rent Control Laws

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As a canvasser, I spoke with plenty of people who supported rent control because they’d seen firsthand what happens when landlords have too much power. Chicago’s rents are not as notoriously high as.

AG Indicts Manhattan Landlord Steve Croman Over $45M in faulty loan apps. breaking Down the New Rent Laws and What They. are accused of lying on mortgage applications to obtain financing from Capital One and New York Community Bank by saying that rent-regulated tenants in buildings were.

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.

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.

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.

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

Leslie D. Dunn has been a member of the Boards of Directors of New York Community Bancorp, Inc. and its bank subsidiary, New York Community Bank, since September 1, 2015, and has been a member of the Advisory Board of the Community Bank’s ohio savings bank division since its inception in December 2009.

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.

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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New York Community Bancorp, Inc. (nyse:nycb) (the "Company") today announced that it expects to issue its earnings release for the three and twelve months ended December 31, 2017 at approximately.

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit lowest level’ since 2017 According to Freddie Mac , the average interest rate on a 30-year fixed-rate mortgage was 4.52% in the week ending Jul 5 compared with 4.55% in the week earlier. The 15-year fixed-rate mortgage averaged 3.99%, down five basis points, while the five-year adjustable-rate.