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 »
More from Joseph OttingMore posts in Joseph Otting »
More from jpmorgan chaseMore posts in jpmorgan chase »
More from MortgageMore posts in Mortgage »
- Enduring elegance: Leadership lessons from Giorgio Armani
- How the Compass-Anywhere deal could spur an ‘arms race’
- How a government shutdown would affect real estate agents
- Why Flyhomes is quitting the real estate brokerage business
- Should they stay or go (down) now? Forecasters are split on where mortgage rates will be in 2026
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 »
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
- How the escrow process offers a chance to show your value: Step 7
- Enduring elegance: Leadership lessons from Giorgio Armani
More from warehouse lendingMore posts in warehouse lending »
Be First to Comment