Dallas-headquartered Mr. Cooper Group Inc. (NASDAQ: COOP) is acquiring the mortgage operations of Flagstar Bank for $1.4 billion. The acquisition encompasses Flagstar’s MSRs, advances, subservicing contracts, and a third-party origination platform. The purchase will...
President Biden talks about housing (finally), Disney’s big real estate plans and a 14th century mansion for sale. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 4-8. Miss: Too Little, Too Late? After a long and...
The tumult surrounding commercial real estate lender New York Community Bancorp (NYSE:NYCB) became more severe with the resignation of CEO Thomas Cangemi and the announcement that its fourth quarter loss was amended to $2.7 billion, a tenfold increase from its...
BCB Bancorp Sells $205.3 Million in Problem Loans, Takes $43.3 Million Loss
