Lee Smith
Senior Executive Vice President & CFO at Flagstar Financial
But what we're really trying to point out is when you look at the New York rent regulated more than 50%, and I'm talking about New York City, we have about $10,000,000,000 And of that $10,000,000,000 97% is occupied and it has a 69% current LTV. When you further break that sort of $10,000,000,000 down, dollars 5,600,000,000.0 is pass rated. So as we've done our reviews, that is those are pass rated loans, 98% occupied, 62% current LTV. So then you're left with $4,300,000,000 which is criticized and classified, so special mention, substandard and non accrual. Of that $4,300,000,000 $1,900,000,000 is non accrual.