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Flagstar Bancorp cuts 20% of its mortgage staff

Flagstar Bank has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. ....

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New York Community Bank eyes CT presence following merger

A New York bank with $59.5 billion in assets is preparing to enter the Connecticut market.

New York Community Bank, subsidiary to New York Community Bancorp, has filed an application with the Connecticut Department of Banking seeking permission to take over loan production offices in Rocky Hill and Danbury that are currently operated by Flagstar Bank. ....

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