NYCB, a struggling $78B resi mortgage servicer, to receive $1B equity investment
Housing Wire
MARCH 6, 2024
Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. NYCB became a large residential mortgage servicer after the acquisition of Flagstar.
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