Commercial real estate loans

OceanFirst Financial and Hanover Bancorp are among the banks paring back their exposure to the rent-regulated multifamily loan market in New York City. Mayor Zohran Mamdani has appointed six of the nine members of a board that's scheduled to vote later this month on a rent freeze.

Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They're now returning to the sector, and the renewed competition is prompting a pricing war.

At its first-ever investor day, the Phoenix-based bank fended off questions stemming from two recently disclosed problem loans, including one that resulted in a $126 million charge-off.

Diligence Capital Management is pushing the beleaguered bank to add directors with bank turnaround experience. Eagle has been searching for a new CEO after getting battered from losses tied to its commercial real estate portfolio.

Susan Riel, who helped found Eagle Bancorp nearly three decades ago, will step down as CEO in 2026. The bank is embarking on a search for her successor.

More than 5,000 rent-stabilized New York City apartments are facing a funding crunch after a federal judge denied a request to tap the income of its major lender, Flagstar Bank.

The Washington, D.C.-area bank reported a significant boost in provisions to cover emerging vulnerabilities in its $1 billion portfolio of office loans.

Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California.