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HomeStreet Bank offloads $990 mln multifamily loans to BofA
Bank of America acquires nearly $1B in multifamily loans
The bank is acquiring $990 million in multifamily commercial real estate loans from Seattle-based HomeStreet, Bloomberg reported. A majority of the loan sale was expected to close on Friday, while the remaining $338 million will close as soon as today.
HomeStreet Bank offloads $990 mln multifamily loans to BofA in profit push
HomeStreet Bank is selling nearly $990 million of its multifamily commercial real estate loans to Bank of America , in a deal that the Seattle-based lender said would help it return to profitability and reduce costly funding sources.
HomeStreet Bank to sell $990M of its real estate loans to BofA
Proceeds from the sale will be used by Seattle-based HomeStreet to pay down Federal Home Loan Bank advances and brokered deposits.
HomeStreet sells $990M of commercial property loans to Bank of America
HomeStreet (NASDAQ:HMST) agreed to offload $900M of multifamily commercial real estate loans to Bank of America (NYSE:BAC) at 92% of the principal balance, with servicing retained, it said on Friday.
HomeStreet Shares Gain on $990M Loan Sale to BofA
The shares are up 19% on the year. The Seattle-based operator of HomeStreet said before the market opened that it agreed to sell to Bank of America multi-family commercial real estate loans priced at 92% of the principal loan balance,
HomeStreet To Sell $990 Mln Of Multifamily Commercial Real Estate Loans To Bank Of America
(HMST), Friday announced that its subsidiary HomeStreet Bank has agreed to sell $990 million of multifamily Corp. (BAC) on a servicing retained basis. The loan portfolio will be sold at a price, including the value of the retained servicing,
HomeStreet Bank to sell $990 million multifamily loan portfolio to BofA
HomeStreet Bank said on Friday it has agreed to sell nearly $990 million of its multifamily commercial real estate loans to Bank of America. BofA has agreed to pay about $906 million for the loans, which accounts for nearly 92% of the value of the portfolio,
HomeStreet Bank to sell $990 million in multifamily loans after failed merger
Seattle-based HomeStreet Inc. (Nasdaq: HMST) and its subsidiary HomeStreet Bank are selling about $990 million of multifamily commercial real estate loans — about 190 loans — to Bank of America (NYSE: BAC).
1d
Bank of America senior economist says the "economy has really solid momentum" going into 2025
Bank of America senior economist Aditya Bhave tells "Face the Nation with Margaret Brennan" that the "economy has really ...
1d
on MSN
Is Bank of America Stock a Buy Before Jan. 16?
Bank of America ( BAC -0.47%) shareholders have plenty to celebrate heading into 2025. The combination of a resilient economy ...
44m
Bank insiders are leaking data on client accounts as scams surge
The industry’s lowest-paid employees keep getting caught selling sensitive customer information out the back door.
24/7 Wall St. on MSN
3d
Bank of America Just Paid Investors: Here’s How Much They Got
Bank of America Corp. (NYSE: BAC) is rewarding its shareholders once again with a quarterly dividend of $0.26, payable on ...
6d
on MSN
Bank of America Settles With U.S. Regulator Over Compliance Issues
The Office of the Comptroller of the Currency didn’t impose a fine in the settlement over sanctions compliance, suspicious ...
7d
Bank of America Reaches Anti-Money-Laundering Consent Agreement With OCC
Bank of America Corp. entered into a consent order with regulators for failing to file suspicious-activity reports on time ...
3d
on MSN
Better Warren Buffett Stock: Ally Financial vs. Bank of America
Both are substantial investments in Berkshire's portfolio. The Bank of America investment is one of the largest, with a $34 ...
Business Insider
13d
Bank of America
Cash allocations fell past a threshold that typically precedes a decline in global stocks,
Bank
of America
's Michael Hartnett wrote. Shares of chip makers tied to the AI trade will continue to ...
12d
Panthers file for rezoning at Bank of America Stadium to pave way for renovations
The Panthers filed for rezoning at Bank of America Stadium. It’s a necessary step for the facility’s upcoming renovations.
11d
on MSN
Bank of America funding creates 'real change' for Jacksonville-area nonprofits
Bank of America awarded $426,000 in grants to 26 nonprofits for health care, employment and affordable housing programs, ...
7d
Bank opening hours on Christmas Eve and Day 2024: Bank of America, Citi, Wells Fargo, JP Morgan, Goldman Sachs
December 25, Christmas Day, is the last of those holidays for 2024. Christmas Eve is not a federal holiday but some banks ...
Sporting News on MSN
1d
Bank of America Stadium Guide: Full schedule, concerts, seating map, hotels, parking, bags policy and more to know in Charlotte
Here is everything you need to know about Bank of America Stadium, including a full schedule of upcoming events that will be ...
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