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Financial institutions with a large proportion of multifamily borrowing on their books could wind up posting losses this year, analysts for Fitch Ratings said Wednesday…these banks saw their multifamily lending increase 32% between 2020 and 2023, bringing the total to $613B in loans on their books. The 10 banks with the highest exposure at the end of the year included Flagstar Bank which merged with New York Community Bancorp in 2022 with NYCB realizing losses to more than $550M last year. Apple Bank for Savings, Dime Community Bank, Pacific Premier Bank and First Foundation Bank also have heavy multifamily exposure.