New York Community Bank has yet to make a final decision on what it will do with the wholesale lending division of AmTrust Bank, until recently one of the largest table funders in the nation. NYCB chief executive and president Joseph Ficalora said the company is working closely with the FDIC regarding AmTrust's assets. He said no immediate decisions will be made. "The values present in those lines of business are real," Mr. Ficalora said. Ten days ago NYCB bought the Cleveland-based thrift after the government seized the insolvent lender. According to the Quarterly Data Report, AmTrust ranked eighth among wholesalers in the third quarter, table funding $2.87 billion through loan brokers. The prior quarter it ranked third nationwide.
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Non-qualified mortgages account for 23.1% of the series 2026-7 pool, by balance, and 43.4% of the loans in the pool were made to investors for business purposes and are exempt from the Ability-to-Repay rules.
5h ago -
Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.
6h ago -
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
7h ago -
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
8h ago -
Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.
September 23 -
Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.
September 23









