New York Community Bancorp (NYCB) is in discussions to offload mortgage risk and sell a portfolio of $1 billion recreational vehicle loans. Additionally, the bank is considering a synthetic risk transfer to raise capital against $5 billion of home loans originated at lower rates. NYCB is also exploring a 'synthetic securitization' to transfer risk of assets while still holding the loans. The bank has been searching for rescue capital for its residential loan book in its Flagstar arm.
Latest on NYCB crisis: Bank has been searching for rescue capital re resi loan book in its Flagstar arm, per @business Also exploring something called a "synthetic securitization" (š)- where banks transfer risk of the assets over to the buyer (while still holding the loans) https://t.co/9qn5MmtdvQ
NYCB In Talks To Offload Mortgage Risk, Plans To Sell RV Loans - BBG https://t.co/f3ok86zAmG
$NYCB is currently under discussions to sell a portfolio of $1 billion of recreational vehicle loans It is also considering pursuing a synthetic risk transfer to raise capital against $5 billion of its home loans that were originated when rates were lower
$NYCB is currently under discussions to sell a portfolio of $1 billion of recreational vehicle loans It is also considering pursuing a synthetic risk transfer to raise capital vs its home loans that were originated when rates were lower
$NYCB | NYCB In Talks To Offload Mortgage Risk, Plans To Sell RV Loans
$NYCB ā NYCB IN TALKS TO OFFLOAD MORTGAGE RISK, PLANS TO SELL RV LOANS
*NYCB IN TALKS TO OFFLOAD MORTGAGE RISK, PLANS TO SELL RV LOANS