New York Community Bancorp subsidiary selling residential mortgage servicing business for $1.4B [Yahoo! Finance]
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New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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Source: Yahoo! Finance
The sale includes mortgage servicing rights and the third-party origination platform. “While the mortgage servicing business has made significant contributions to (Flagstar), we also recognize the inherent financial and operational risk in a volatile interest rate environment, along with increased regulatory oversight for such businesses,” New York Community Bancorp and Flagstar Chairman, President and CEO Joseph Otting said in a statement on Thursday. The company is concentrating on shifting Flagstar into a relationship-focused regional bank and will continue to provide residential mortgage products to its retail and private wealth customers, Otting added. The deal is expected to close in the fourth quarter. Mr, Cooper, based in Dallas, said separately the deal lets it add 1.3 million customers. New York Community Bancorp Inc. also announced its second-quarter results on Thursday, reporting a loss of $323 million, or $1.14 per share. Losses, adjusted for costs related to
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NYCB
Earnings
- 7/25/24 - Miss
NYCB
Sec Filings
- 9/4/24 - Form 8-K
- 8/23/24 - Form S-1/A
- 8/13/24 - Form SC
- NYCB's page on the SEC website