Apply Online
Schedule a Call

Flagstar Financial

Flagtar-Bank-HQ-Long-Island

Flagstar’s losses shrink as bank looks toward profitability

Commercial banking, Earnings, Flagstar Financial /

Bing Guan/Bloomberg Flagstar Financial’s profitability challenges extended into yet another quarter, with the company reporting a net loss, though executives remain optimistic about a near-term financial turnaround. On Friday, the parent company of Flagstar Bank reported a second-quarter net loss of $70 million, or $0.19 per share, exceeding the consensus net loss estimate of $0.14 […]

Flagstar’s losses shrink as bank looks toward profitability Read More »

Zohran Mamdani at an event the night he won the New York City mayoral democratic primary.

What a Mamdani mayoral win in NYC could mean for banks

Commercial banking, Commercial real estate lending, Flagstar Financial, Multifamily, Politics and policy /

New York City mayoral candidate Zohran Mamdani’s primary win has banks with high exposures to rent-regulated real estate on edge. Mamdani, who has vowed to freeze rents on rent-stabilized apartments if he’s elected mayor, won over New Yorkers during the Democratic primary as their city’s housing market grows more expensive and competitive. The primary results

What a Mamdani mayoral win in NYC could mean for banks Read More »