-
Investors reacted negatively to New York Community Bancorp's divestiture of a $5 billion loan warehouse portfolio to JPMorgan Chase. The deal has triggered a debate about whether other banks might retreat from lending to nonbank home lenders.
May 15 -
A common concern in housing finance reactions has been the lack of accommodation for strategies routinely used to manage credit, rate and liquidity exposures.
January 19 -
As part of its receivership of Signature Bank, the agency was given the stock to sell by June 8.
May 17 -
The Cincinnati bank's new division will lend to nonbanks that make or bundle together residential mortgage loans, whose businesses have slowed as higher interest rates lower appetite for refinancing. The warehouse sector has seen "fierce competition" among banks lately, one analyst wrote.
September 20 -
The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.
September 10 -
The company acquired ResX Warehouse Lending from People's United Financial.
January 22 -
Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.
December 6 -
The March acquisitions of a warehouse lending portfolio and eight California bank branches helped fuel a 22% increase in net income.
July 24 -
The Michigan company has been acquisitive lately, buying California branches and a wealth advisory firm.
February 21 -
Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.
April 25