HomeStreet sells $990M of commercial property loans

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 to Offload $990M Multifamily Loan Portfolio to Bank of America
Financial services firm HomeStreet is set to sell roughly $990 million worth of multifamily commercial real estate loans to Bank of America.
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 Bank offloads $990 million 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 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 commercial real estate loans to Bank of America Corp. (BAC) on a servicing retained basis. The loan portfolio will be sold at a price,
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 sells $990M in loans to BofA in strategic profit push
HomeStreet Bank, a Seattle-based lender, is making a significant move to shore up its financial position by selling nearly $990 million of its multifamily commercial real estate loans to Bank of America (BofA).
Bank of America gets cease-and-desist order from OCC for BSA deficiencies
Bank of America (NYSE:BAC) received a cease-and-desist order from the Office of the Comptroller of the Currency for ...
Bank of America Corp. stock outperforms competitors on strong trading day
Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch ...
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 ...
Business Insider47m
Are Banks Open Today? Here's a List of U.S. Bank Holidays for 2025
Transactions at brick-and-mortar banks like Chase, Wells Fargo, and Bank of America won't be processed until the next ...
Bank of America renovates its Wichita branch locations
Customers may have noticed construction work taking place lately at Bank of America branch locations across Wichita.
American Banker4d
OCC issues Bank of America cease-and-desist for AML lapses
Bank of America must overhaul anti-money-laundering protocols and hire third-party consultants, but will not face growth ...
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.
Yahoo Finance1d
Bank of America Corporation (BAC)
Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM (CUSIP No. 060505FR0), liquidation ...
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, ...
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 ...