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
Chapter 274 of the laws of 1946, constituting the emergency hous- 20 ing rent control law, is amended by adding a new section 8-a to. of the banking or 42 insurance laws of the state of New York or the United States, and (iv) 43 eight and one-half percent of that portion of the fair market value of 44 the property which exceeds the unpaid.
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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.
Today, the organizing is focused to not only eliminate Major Capital Improvements completely from state law, but to push forth a visionary, broad platform to fight for Universal Rent Control across New York State to expand Tenant Rights. You can read about the state-wide campaign for Universal Rent Control here:
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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.
New York Community Bancorp, Inc. (NYCB) is a bank headquartered in Westbury, New York, with 225 branches in New York, New Jersey, Ohio, Florida, and Arizona. NYCB is on the list of largest banks in the United States.. 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
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