Signature Bank (SBNY)

[freddie me]

U.S. Rep. Torres, Housing Advocates Warn of SignatureBank Debt Fire Salethat Could Endanger 80,000 New York City Housing Units

They also called on federal regulators to engage with state and local housing leaders before any of the loans in question are sold. Specifically, in a new letter sent to the Hon. Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), Rep. Torres is requesting a meeting with him and the Commissioner of the New York City Department of Housing Preservation and Development to review the loans within Signature’s real estate portfolio and discuss how they can work together to prioritize the needs of residents and New York City’s affordable housing market.

https://ritchietorres.house.gov/posts/u-s-rep-ritchie-torres-housing-advocates-warn-of-signature-bank-debt-fire-salethat-could-endanger-80000-new-york-city-housing-units