New York Community Bank brings in the big guns.

Motley Full Money. I'm DeDrey Willard here with Motley Full Money. I'm DeDrey Willard here with Motley Full Endless Bill Barker.

Bill, how's your Thursday going so far?

Going great. Thanks for asking.

Well, it's quite a Thursday for New York Community Bank Corp.

You know, it was just about a year ago, Signature Bank collapsed.

Now the company, the acquired part of those assets, New York Community Bank Corp.

They almost had their own near collapse.

Trading paused yesterday, but then the Lifeline.

Company received billion dollars in equity investment

from a group that includes our former U.S. Treasury Secretary

Stephen Manuchin, his Liberty Strategic Capital, Hudson Bay, and some

other groups. Now this solves a little bit of the immediate problem but what was

happening at at this bank to to bring about this moment? Well it was disclosing

that its loan portfolio didn't look as good as investors thought it was. It's got a couple of

concentrations in some areas of difficulty, multifamily and in the rent controlled space and commercial real estate.

And I think commercial real estate has gotten a lot more publicity for the problems that

happen when an office building can't be filled with the tenants.

It's rather easy to see that the rents aren't coming in and the new tenants that you'd like to have come in and fill empty space either aren't around because offices aren't really filling up seats the way they had or at the very least are in a position to demand some pretty good prices

compared to the old days. And then the rent controlled multifamily units You've got the controlled rent coming in

and that's capped at about 3% annual increases.

And the upkeep and the loan servicing for these are much higher.

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