Tag Archives: Joseph Otting

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 →