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Flagstar is banking on the private-label market

Housing Wire

Flagstar Bancorp. has been on a tear in 2021 when it comes to pursuing private-label securitizations, with 13 deals backed by some 22,000 home loans valued at $8 billion now under its belt through mid-November of this year. with regional headquarters in Troy, Michigan, including Flagstar’s mortgage business.”.

Banks 427
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Rising mortgage rates could trigger more private label deals

Housing Wire

The private label securitization market so far this year has been dominated by mortgages originated primarily by nonbanks, but there is a growing pipeline of mortgages now held in bank portfolios that might provide a rocket-like boost to the nonagency market in the months ahead if interest rates continue to rise.

Mortgages 353