(Reuters) -New York Community Bancorp's shares reversed course to trade down 4% as a deal to sell $5 billion of mortgage warehouse loans failed to assuage investors worried about the long road to ...
Warehouse loans, given to lenders that use the capital to provide mortgages, accounted for 6%, or $5.2 billion, of the total loans worth $82.3 billion at NYCB, as of March 31.
Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. NYCB shares jumped nearly 6% in premarket trading Wednesday morning after the embattled ...
Joseph Otting, NYCB's president and CEO, said mortgages "remain an important business" to the bank even after selling $5B in warehouse loans to JPMorgan Chase. Skip to content HW Media ...
, opens new tab shares reversed course to trade down 4% as a deal to sell $5 billion of mortgage warehouse loans failed to assuage investors worried about the long road to profitability for the ...
(Reuters) - Embattled regional lender New York Community Bancorp said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase. The deal bolsters NYCB's ...
, opens new tab said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase (JPM.N) , opens new tab. The deal bolsters NYCB's liquidity and capital as it ...
New York Community Bancorp is selling about $5B in mortgage warehouse loans to JPMorgan Chase as it looks to get back on firmer footing, CNBC reports. Warehouse loans are lines of credit ...
(Reuters) -New York Community Bancorp's shares reversed course to trade down 4% as a deal to sell $5 billion of mortgage warehouse loans failed to assuage investors worried about the long road to ...