New York Community Bancorp, which is still awaiting approval to complete its latest acquisition, says it is advancing on other key initiatives to transform itself into a full-fledged commercial bank.For starters, the Hicksville, New York, company is making progress on remixing its funding base to rely less on higher-cost funding sources such as certificates of deposit and wholesale borrowing and more on interest-checking accounts. At the same time, it is also gathering more deposits from loan c...
New York Community Bancorp, which is still awaiting approval to complete its latest acquisition, says it is advancing on other key initiatives to transform itself into a full-fledged commercial bank.For starters, the Hicksville, New York, company is making progress on remixing its funding base to rely less on higher-cost funding sources such as certificates of deposit and wholesale borrowing and more on interest-checking accounts. At the same time, it is also gathering more deposits from loan c...
Jim Linnane, the former head of retail at Stearns Lending, has joined Flagstar Bank as the president of the companyβs distributed retail mortgage division.
The post Jim Linnane tapped to lead retail mortgage lending at Flagstar appeared first on HousingWire.
Jim Linnane, the former head of retail at Stearns Lending, has joined Flagstar Bank as the president of the companyβs distributed retail mortgage division.
The post Jim Linnane tapped to lead retail mortgage lending at Flagstar appeared first on HousingWire.
More than 18 months after the planned merger was announced, Flagstar Bank and New York Community Bank on Friday received approval by the OCC
The post Sluggish Flagstar, NYCB merger deal clears major hurdle appeared first on HousingWire.
More than 18 months after the planned merger was announced, Flagstar Bank and New York Community Bank on Friday received approval by the OCC
The post Sluggish Flagstar, NYCB merger deal clears major hurdle appeared first on HousingWire.
The first quarter of 2022 has yielded a number of decisions, reversals and agency adjustments worth note. FEDERAL CIRCUIT U.S. Court of Appeals for the D.C. Circuit β Food & Water Watch v. Federal Energy Regulatory Commission On March 11, 2022, the court decided the FERC case. On December 19, 2019, the Commission issued a [β¦]
The first quarter of 2022 has yielded a number of decisions, reversals and agency adjustments worth note. FEDERAL CIRCUIT U.S. Court of Appeals for the D.C. Circuit β Food & Water Watch v. Federal Energy Regulatory Commission On March 11, 2022, the court decided the FERC case. On December 19, 2019, the Commission issued a [β¦]
Ocwen Financial eked out a second quarter profit due to cost cuts, appreciation in owned mortgage servicing rights, and a shift to higher-margin correspondent products, all of which offset challenging market conditions that were particularly hard on reverse mortgage lending.Β The company earned $10 million during the period, down from $58 million in the first quarter but improving on a $10 million net loss a year ago. Its $1.12 in earnings per share was in the lower end of the range of analyst ...
Ocwen Financial eked out a second quarter profit due to cost cuts, appreciation in owned mortgage servicing rights, and a shift to higher-margin correspondent products, all of which offset challenging market conditions that were particularly hard on reverse mortgage lending.Β The company earned $10 million during the period, down from $58 million in the first quarter but improving on a $10 million net loss a year ago. Its $1.12 in earnings per share was in the lower end of the range of analyst ...
Over the last several years, the proptech movement has become entrenched in the lexicon of the real estate industry as developers use the term as a catch-all term for using technology in the construction of new commercial buildings and begin planning for Smart Cities. The various technologies incorporate wireless sensors, broadband service and other cloud-based [β¦]
Over the last several years, the proptech movement has become entrenched in the lexicon of the real estate industry as developers use the term as a catch-all term for using technology in the construction of new commercial buildings and begin planning for Smart Cities. The various technologies incorporate wireless sensors, broadband service and other cloud-based [β¦]
The company said the layoffs are the result of its "shift in strategy" to sunset its in-house technology platform in mid-2023 and instead partner with Inside Real Estate. Local franchisees aren't counted in the downsizing.
The company said the layoffs are the result of its "shift in strategy" to sunset its in-house technology platform in mid-2023 and instead partner with Inside Real Estate. Local franchisees aren't counted in the downsizing.
Flagstar Bank has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins.
The post Flagstar Bancorp cuts 20% of its mortgage staff appeared first on HousingWire.
Flagstar Bank has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins.
The post Flagstar Bancorp cuts 20% of its mortgage staff appeared first on HousingWire.
