Tag Archives: Flagstar Bank

Profits roll in at Mr. Cooper as it pursues tech-fueled growth

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Deal to acquire Flagstar’s mortgage servicing business and correspondent lending platform is projected to grow Mr. Cooper’s servicing portfolio to $1.59 trillion. Continue reading →

Flagstar shedding 1,900 workers, but many could land at Mr. Cooper

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A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company’s mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper. Continue reading →

Hometown Lenders’ national expansion collided with rising rates

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In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20 million in tax credits and clawing back $1 million from warehouse lenders. Continue reading →

Flagstar exiting warehouse business to bolster parent NYCB

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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. Continue reading →

Faith in NYCB restored, but worries about some regional banks remain

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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. Continue reading →

NYCB’s surprise $2.7B Q4 loss rekindles regional bank fears

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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. Continue reading →

Flagstar mortgages could help NYCB shore up its balance sheet

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Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital. Continue reading →

Flagstar Bank takes over Signature Bank’s retail branches

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The $2.7 billion deal does not include about $4 billion in crypto-related deposits held by the former Signature Bank’s digital-assets banking business, according to the Federal Deposit Insurance Corp. Continue reading →

Survey: Mortgage refi crush exposed dangers of digital-heavy approach

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Digital self-service combined with live personal service is key to retaining younger mortgage customers, J.D. Power concluded, with faster approval times demonstrating that the application and approval process “still requires some level of human intera… Continue reading →

Nation’s largest thrift acquires top 20 mortgage lender

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Flagstar Bancorp Inc., a top 20 mortgage lender that does business nationwide, is merging with the nation’s largest thrift, New York Community Bancorp Inc., in a $2.6 billion deal will give the combined company nearly 400 branches in nine states. Continue reading →