Tag: Flagstar bank NYCB merger
New York Community Bank Is ‘Restructuring’ Mortgage Operations
New York Community Bank Says It Will Eliminate 69% Of It’s Mortgage Lending Offices After Merger With Flagstar Bank New York Community Bank announced Tuesday it is “restructuring” its mortgage operations. Insiders translate that as the bank closing over two-thirds of it’s mortgage lending offices. The also announcement comes after NYCB completed it’s merger with…
Flagstar Bank Pulls Plug On Retail Mortgage Lending
Flagstar Bank Pulls Plug On Retail Mortgage Lending. The Michigan-Based Bank Lays Off Hundreds Of Employees Flagstar Bank employees posted on social media that the bank has pulled the plug on mortgage lending. The bank also fired or laid off hundreds of employees. Flagstar’s move comes nearly two months after receiving the Fed approved a…