Flagstar continues lowering rent-stabilized exposure
One of New York’s top lenders to rent-stabilized property owners is continuing to pull back its portfolio. Flagstar Bank still has nearly $9.59 billion in loans tied to heavily rent-stabilized buildings on its books, according to an earnings presentation Friday. But that’s down about $324 million from the last time the bank reported its numbers, in July. The decrease is part of Flagstar’s effort to right the ship after a disastrous 2024, when the company disclosed issues with its lending and sparked a stock sell-off that pushed it to the brink of collapse. The bank posted a net loss in […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Design For Disassembly Can Rescue Waste And Stop Housing
Supply Issues
Mamdani’s spin can’t hide truth of Pinnacle auction
A new charge, final appearances: the Alexander brothers’
trial draws near
New York’s real estate auctions brought the intrigue
What Chris Marte’s subcommittee chair appointment means for
the industry
Building Materials One Key To Disaster Resistance
Can I Use My 401(k) to Buy a House? (What Might Be
Changing)
A Look at Google’s Attempt to Control the Real Estate
Market
A Key Stat Just Crossed a Major Milestone—And It Could Have
a Major Impact on the Housing Market
A&E to pay city $2.1M to settle violations across 14
buildings
