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New York Community Bancorp to Sell $5 Billion in Mortgage Warehouse Loans to JPMorgan Chase Bank
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New York Community Bancorp to Sell $5 Billion in Mortgage Warehouse Loans to JPMorgan Chase Bank
May 15, 2024 1:33 AM

04:12 AM EDT, 05/15/2024 (MT Newswires) -- New York Community Bancorp ( NYCB/PU ) said Tuesday it has entered into a commitment letter to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase Bank.

The sale is expected to close in Q3.

Shares of New York Community Bancorp gained almost 6% in after-market hours on Tuesday.

Price: 4.1200, Change: +0.23, Percent Change: +5.91

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