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
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