New York Community Bank

Flagstar shedding 1,900 workers, but many could land at Mr. Cooper

A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company’s mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.

Flagstar mortgages could help NYCB shore up its balance sheet

Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital.