NYCB to sell $5B in mortgage warehouse loans to JPMorgan
Housing Wire
MAY 15, 2024
New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The bank was followed by Flagstar, with $11.8 billion; 5.7%).
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