New York Community Bancorp (NYCB), the parent of Flagstar Bank, has agreed to sell approximately $5 billion of mortgage warehouse loans to JPMorgan Chase. This deal, announced Tuesday night, is part of NYCB's efforts to dispose of assets following its rescue by investors. The sale is expected to improve NYCB's capital and liquidity position. Following the announcement, NYCB shares rose nearly 5% in premarket trading on Wednesday. The transaction has been praised as an important first step in NYCB's turnaround strategy.
NYCB shares rise as $5 bln loan sale to JPMorgan bolsters liquidity https://t.co/Cplu5hQKf1 https://t.co/0nR0S5WxoJ
NYCB to sell $5B in mortgage warehouse loans to JPMorgan: New York Community Bancorp, the parent of Flagstar Bank, is selling $5 billion in warehouse mortgages to JPMorgan Chase to improve its capital and liquidity position. https://t.co/Ssg4j7jfoq
$JPM $NYCB New York Community Bancorp (NYCB) rose as much as 5% in premarket trading Wednesday after announcing Tuesday night that JPMorgan Chase has agreed to purchase $5 billion of its mortgages.
$NYCB (+1.8% pre) NYCB shares rise on deal to sell $5 billion mortgage warehouse loans to JPMorgan - Reuters https://t.co/DLr6OqZWJP
NYCB’s loan sale to JPM praised as ‘important first step’ in turnaround https://t.co/T8N6fTO6Ao
NYCB shares rise on deal to sell $5 billion mortgage warehouse loans to JPMorgan https://t.co/b0bvXCDCVv https://t.co/wznWYMdpYy
NYCB to sell nearly $5 bln of mortgage warehouse loans to JPMorgan $NYCB @BudFox_Trades broke this for us last night. $JPM https://t.co/t03DKHEc4n
⚠️ NYCB SHARES RISE ON DEAL TO SELL $5 BILLION MORTGAGE WAREHOUSE LOANS TO JPMORGAN Full Story → https://t.co/bE6QWvsgR7 Shares of New York Community Bancorp rose nearly 5% in premarket trading on Wednesday, after the lender agreed to sell a portfolio of about $5 billion in…
****NYCB TO SELL ABOUT $5B IN WAREHOUSE LOANS TO JPMORGAN CHASE*** Shit. JPM wins. Simple as that. #Flagstar was the only competition to $JPM in residential #MSR and warehouse....
NYCB to sell nearly $5 bln of mortgage warehouse loans to JPMorgan https://t.co/ITJGCBcsqC https://t.co/PgQERfVHq3
$NYCB $JPM | NYCB To Sell $5 Billion Of Mortgage Warehouse Loans To JPMorgan - BBG https://t.co/bOVVMfok2w
New York Community Bancorp, disposing of assets after its rescue by investors, agreed to sell about $5 billion of mortgage warehouse loans to JPMorgan https://t.co/PnTmNmIxF0
Foxtrot assets that JPMorgan had a security interest in sold at auction today for more than $2.2 million to Further Point Enterprises, a holding company that already had Foxtrot listed in its portfolio. Dom’s assets were not sold. Via @CrainsChicago. https://t.co/nsi0ZqkJaL