Flagstar Bank Announces Workforce Reduction Of 700 Employees
More layoffs are expected following Mr. Cooper mortgage servicing sale expected to close during the fourth quarter
Tagged: New York Community Bancorp
Mr. Cooper Posts Strong Second Quarter Earnings
The company announced concurrently its decision to purchase Flagstar Bank's servicing and TPO operations for $1.4B.
Mr. Cooper To Buy Flagstar's Mortgage Servicing, TPO Platform
The MSRs and subservicing contracts to be purchased from Flagstar total roughly $356 billion in unpaid principal balance, and include "attractive refinance opportunities."
Flagstar Bank Selling $5 Billion In Warehouse Loans To JPMorgan Chase
The New York Community Bancorp plans to reinvest proceeds from sale into securities holdings
NY Community Bank 'Restructuring' Mortgage Operations
After merger with Flagstar Bank, says it will eliminate 69% of retail mortgage lending offices.
New York Community Bancorp Completes Acquisition Of Flagstar
Banks will continue to operate separate retail banking outlets; Flagstar Mortgage included in the deal.
New York Community Bancorp, Flagstar Bancorp Delay Merger To October
Companies amend the merger agreement to provide that the combined company's banking operations will operate under a national bank charter.
NYCB, Figure Announce Strategic Partnership
Companies To Collaborate On Blockchain Initiatives Using Provenance Blockchain