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» NYCB Pulls the Plug on Flagstar’s Warehouse Unit
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NYCB Pulls the Plug on Flagstar’s Warehouse Unit
May 16, 2024
Paul Muolo
and
Brandon Ivey
Another long-time player is exiting warehouse lending. The twist: There’s nothing wrong with Flagstar’s nonbank business. The problem is that the depository is owned by NYCB, which needed an investor-infusion earlier this year.
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