A majority of the 1,200 Flagstar employees being let go in $1.4B sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper
Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5B during Q2 2024, the highest quarterly figure posted since 2015, according to MSCI
JPMorgan Chase Bank has agreed to buy about $5B in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations
Wall Street investors believe promises made by new leadership of New York Community Bancorp, but concerns about the impact of interest rates and commercial lending on regional banks remain
Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac
Regional banks are in the spotlight again as cracks begin to show in their balance sheets due to the ongoing distress in the commercial real estate sector
Troubled New York Community Bancorp is reportedly ready to pledge about $5B in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital
Employers added 353,000 workers to their payrolls in January, a 'head scratching' jobs report from the Labor Department that kills prospects for a March rate cut 'stone dead,' economist says
Tokyo's Aozora Bank and New York Community Bancorp posted massive losses tied to commercial real estate loans Thursday morning, an indication that threats to the office sector aren't over yet
Will Flagstar merger supercharge New York Community Bank's mortgage lending?