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.