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Decision to exit correspondent lending not a surprise to N.Y. lender.
Bank announces strategic plans to 'create a more focused home lending business.'
CFPB found the bank engaged in illegal practices on mortgage and car loans
NAHB says the percentage offering deals remains below 2008 levels.
Kristy Fercho has been company’s head of Home Lending since 2020.
The bank confirmed on Monday that they are being investigated by the U.S. Securities and Exchange Commission.