"New York Community Bancorp's Dividend Cut Sparks $560 Billion Real Estate Warning for US Banks"

New York Community Bancorp's decision to cut its dividend and increase reserves has sent its stock plummeting and raised concerns about the impact of the ongoing slide in commercial property values on banks. With $560 billion in commercial real estate maturities by 2025, regional lenders are particularly vulnerable due to their higher exposure to the industry. The unpredictability of soured real estate loans, particularly in the multifamily and office sectors, has added to the nervousness surrounding smaller lenders, prompting pressure to reduce exposure to commercial real estate.