Flagstar’s spokesperson did not comment in time for publication. The loans are backed by 27 assets, which are 86 percent rent-stabilized on a weighted average, according to an analysis by The ...
The company more than doubled results over comparable periods and exceeded estimates due to stronger economies of scale and ...
Joseph Otting, who is leading Flagstar's turnaround, said potential buyers may be interested in acquiring the regional bank ...
The Long Island-based company, which is in the middle of a makeover, saw its stock price rise sharply after reporting a net loss that was less than what analysts expected.
“We managed down our exposures through run-off of non-relationship CRE loans, par payoffs, and strategic loan sales,” Flagstar CEO Joseph Otting said in a statement. And despite the bank ...
PH Realty picked up a $61 million loan book tied to six rent-stabilized Bronx properties from PIMCO for more than half off.
Flagstar Bank offers all the major mortgage options (conventional, jumbo, construction and government-backed loans). The lender also offers several discount programs, including discounts for ...
as it relates to reducing our CRE exposure and non-performing loans, and we'll execute on transactions that are in the best economic interest of Flagstar. The next slide provides an overview of ...
Flagstar Financial Inc (NYSE:FLG) reported a net loss available to common stockholders of $0.41 per diluted share for the fourth quarter. The company's non-accrual loans increased by $101 million ...
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