NYCB to sell $5B in mortgage warehouse loans to JPMorgan
Housing Wire
MAY 15, 2024
The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. In January 2024, the bank suffered a confidence crisis after reporting a net loss in the last quarter of 2023 due to a provision for loan losses of $552 million, mainly impacted by its exposure to commercial real estate loans.
Let's personalize your content