The Long Island company is closing 69% of the retail home lending offices previously operated by Flagstar Bancorp. New York Community recently acquired Flagstar for $2.6 billion.

The company reported its seventh consecutive quarter of record adjusted net revenue.

The bank holding company is taking the business purpose lender into the corporate fold and out of its own silo, executives said.

The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn.

Signature Bank of New York is pulling back from crypto deposits and has increased borrowings from the Federal Home Loan Bank of New York.

Analysts questioned whether the reductions could have a negative impact in terms of scale, but executives said the move has financial advantages — more so than its correspondent exit.

The impact of a weakening economy on quarterly performance will become clearer by the second week of January as banks begin to report fourth-quarter earnings.

Proceeds from the sales, which might not be the last, will pay down a personal loan secured by Nima Ghamsari's holdings.

NYSE American accepted the mortgage company's plan to resolve an existing concern but its persistent losses raised a new issue.

A combination of fewer mortgage originations and investment losses for some companies contributed to declines.

The non-qualified mortgage lender lost $13 million in the quarter, a slight improvement over the previous period.

The company experienced further declines in production volume but reported an intra-quarter improvement in its gain on the sale of loans.

The company was profitable on a net basis but took a comprehensive loss linked to market volatility's effect on mortgage bonds.

But executives put a sunny spin on it, saying that its recent exit from forward mortgages will allow it to leverage reverse lending, where tailwinds will lead to profitability next year, management said.

The company has incurred a combined $91.8 million in expenses in the past two quarters related to its massive cost-cutting plan, which included the layoff of thousands of professionals.

The company is floating the possibility of selling a portion of its loan portfolio to free up liquidity in coming months, leaders said.

The government-sponsored enterprise put more money aside as mortgage interest rates rise and home prices start to decline.

The six active underwriters wrote 14% less business compared with the second quarter and 30% from one year prior.

While credit risk has been kept under control to date, the government-sponsored enterprise's leaders said Tuesday that they are concerned it could be on the verge of an uptick.

The lender reported a 24% drop in volume quarter-over-quarter but said it compared favorably to the average 29% decline projected by the Mortgage Bankers Association.