Flagstar Financial is stemming the bleeding. A top lender to the New York City rent-stabilized housing market, the bank is still facing profitability challenges. But on Friday, it posted its lowest net loss since 2023 at 19 cents per share. Flagstar has lowered its exposure to the multifamily housing market by 12 percent since last summer’s earnings release. The earnings show measured progress as the bank aims to return to profitability in the fourth quarter. Early last year, the compan...| The Real Deal
Rent Adjustments Decided by Adams-Controlled Rent Guidelines Board Go Into Effect October 1Rents go up by 2.75% for 1-year leases and 5.25% for two-year leases NEW YORK – Rent increases go into effect today for 2.5 million rent stabilized renters in New York City. The Rent Guidelines Board, appointed by Mayor Eric Adams, voted in […] The post Mayor Eric Adams Raises Rents for 2.5 Million Tenants Today appeared first on Housing Justice for All.| Housing Justice for All