Inside NYC Housing with Mike Savino, MCU’s Chief Lending Officer

Mike Savino, Chief Lending Officer at Municipal Credit Union (MCU), discusses one of New York City’s most pressing issues: housing affordability. With decades of experience in lending and real estate finance, Mike breaks down the challenges facing today’s renters and buyers, from soaring rents and mortgage rates to credit recovery and first time homeownership. He shares practical advice for navigating lease renewals, making smart mortgage decisions, and managing housing costs in an unpredictable market. Mike also addresses big-picture solutions, including policy changes, affordable housing initiatives, and how financial institutions like MCU can support New Yorkers through it all.