NYCB, struggling with a 60% share price drop and Moody's credit downgrade, is reportedly in talks to sell RV loans and offload mortgage risk in response.

NYCB, a lending institution facing financial challenges, is reportedly in talks to offload mortgage risk and plans to sell RV loans in an attempt to reassure investors. This move comes after a 60% drop in share prices and a Moody's credit downgrade. NYCB's efforts to ease investor concerns have been met with mixed results, with the company's shares reaching a 27-year low.

February 07, 2024
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