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19min chapter
Banks Are Cleaning House Of Their Bad Assets | Chris Whalen
Forward Guidance
Challenges and Opportunities in Multifamily Real Estate and Banking
The chapter delves into default delinquencies and modifications in the multifamily commercial real estate sector, particularly in areas with rent control like New York, impacting banks' loans. It discusses struggles faced by New York Community Bank, capital injections received, and concerns about its need for additional capital. The conversation also explores the performance of banks in an index, the outperformance of smaller banks compared to large-scale banks, and the shift towards private credit in the banking industry.
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