New York Community Bank: About Those Rent Control Laws

Attorney General Eric Schneiderman announced the indictment of Mr. Croman at a press conference following the landlord’s appearance in Manhattan Supreme Court. The much maligned landlord and his debt broker, Barry Swartz, 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 gone.

With seven weeks left before New York State’s rent-regulation laws expire, a package of bills is pending. but to establish “universal rent control” that would extend tenant protections to renters.

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.

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

A senior who qualifies for limited rent increases under D.C. law. New York, Seattle, San Francisco, and D.C. Its corporate office declined to comment. Harry Gural, who heads the property’s tenant.

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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.

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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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One of the largest U.S. bank holding companies, with assets of $48.9 billion, New york community bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment.