Multifamily

Low-income renters are being displaced. Is it a bank problem?

07/27/18

With values on multifamily properties soaring, some building owners are using aggressive tactics to push out existing tenants to make room for higher-earning ones. That’s raising questions about whether their lenders are abetting this behavior.

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New York Community pays up for deposits, and bottom line suffers

07/25/18

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution.

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First Republic's 2Q profits surge on record loan originations

07/13/18

Strong demand for business and multifamily loans, combined with double-digit growth in wealth management revenues, more than offset rising expenses.

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First Republic's 1Q profit climbs 13% on surge in loan demand

04/13/18

Record loan originations and strong growth in wealth assets under management more than offset a double-digit increase in expenses at the San Francisco company.

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Kushner's N.J. Trump Tower got $200 million Citigroup loan

03/21/18

Trump Bay Street, a New Jersey luxury apartment tower part-owned by Kushner Cos., received a $200 million loan from Citigroup, according to two people familiar with the deal.

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Freddie needs $312 million from Treasury after writing down tax assets

02/15/18

Freddie Mac posted a fourth-quarter net loss of $3.3 billion and will request $312 million from the Treasury after recent tax reform legislation forced it to write down the value of deferred tax assets.

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C&I, multifamily drive 4Q loan growth at Investors Bancorp

01/25/18

Despite the increase in loan demand, the New Jersey company swung to a loss in the quarter as it devalued its deferred tax asset.

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Dime in N.Y. lowers CRE concentration with multifamily securitization

12/19/17

The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio.

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Fannie, Freddie returning to low-income housing tax credits

11/16/17

The FHFA is allowing Fannie Mae and Freddie Mac to invest in the credits for the first time since they entered conservatorship. Its purpose is to promote affordable housing in underserved markets.

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Strong loan, revenue growth boost First Republic's 3Q profit

10/13/17

Fee income also surged as the San Francisco bank reached the $100 billion mark in wealth management assets.

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