JPMorgan Chase Bank has agreed to buy about $5 billion in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations.
Source: Inman News
Flagstar exiting warehouse business to bolster parent NYCB
Published in Flagstar Bank, Flagstar Mortgage, Industry News, Joseph Otting, jpmorgan chase, Mortgage, mortgage warehouse lending, New York Community Bancorp, NYCB, Select and warehouse lending
More from Flagstar BankMore posts in Flagstar Bank »
- Mr. Cooper is ‘firing on all cylinders’ going into merger with Rocket
- A&D Mortgage closes acquisition of Mr. Cooper’s 3rd-party channel
- Mr. Cooper’s tech investments paying off as portfolio hits $1.5T
- Profits roll in at Mr. Cooper as it pursues tech-fueled growth
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
More from Flagstar MortgageMore posts in Flagstar Mortgage »
More from Industry NewsMore posts in Industry News »
- Zillow defends private listing rule, criticizes Compass in new filing
- NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’
- Despite unease, Compass poised to retain most Anywhere agents
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Offerpad home sales, acquisitions hit new low in Q3 2025
More from Joseph OttingMore posts in Joseph Otting »
More from jpmorgan chaseMore posts in jpmorgan chase »
More from MortgageMore posts in Mortgage »
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- How the 50-year mortgage could kill agent profitability
- Falling home prices leave nearly 1 million Americans ‘underwater’
More from New York Community BancorpMore posts in New York Community Bancorp »
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
- Faith in NYCB restored, but worries about some regional banks remain
- NYCB’s surprise $2.7B Q4 loss rekindles regional bank fears
- Flagstar mortgages could help NYCB shore up its balance sheet
- Nation’s largest thrift acquires top 20 mortgage lender
More from NYCBMore posts in NYCB »
More from SelectMore posts in Select »
- Alexander brothers denied motion to dismiss sex-trafficking charges
- Redfin site fluke exposed past users’ data on listing contact forms
- Brown Harris Stevens names Halstead heir as its chief strategy officer (EXCLUSIVE)
- Stop waiting for permission: Why leadership starts with self-trust
- Leadershift: How brokers and team leaders can prepare for 2026
More from warehouse lendingMore posts in warehouse lending »
Be First to Comment