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Re: NewJerichoMan post# 21

Friday, 09/25/2020 4:27:19 PM

Friday, September 25, 2020 4:27:19 PM

Post# of 231
Divvy is over 8% now (if Yahoo calculated correctly) after that article yesterday. Pricing like this suggests the divvy will be reduced.

Over 50% of NYCB's portfolio is in NYC, which was hit hard but IMO they have sufficient reserves against it. NYC is a master at controlling leverage against their assets, good at controlling appraisal valuations, thus a 70% LTV isn't a real 70% LTV.

They should be fine IMO if the autumn wave of CoVid isn't disastrous.
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