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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 Stock Rises On Agreement To Sell $990M Multifamily Loans To Bank Of America
Shares of HomeStreet Inc (HMST) rose over 2% on Friday after the parent company of HomeStreet Bank announced that the lender has entered into an agreement to sell $990 million worth of multi-family real estate loans to Bank of America (BAC).
HomeStreet agrees to sell nearly $1 billion in multifamily loans
The Seattle-based company's deal with Bank of America comes five weeks after the termination of its planned sale to FirstSun Capital Bancorp in Denver.
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on MSN
Bank of America Corp. stock outperforms competitors despite losses on the day
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on MSN
Bank of America gets cease-and-desist order from OCC for BSA deficiencies
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on MSN
Bank of America Corp. stock outperforms competitors on strong trading day
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American Banker
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OCC issues Bank of America cease-and-desist for AML lapses
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Bank of America renovates its Wichita branch locations
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Business Insider
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Are Banks Open Today? Here's a List of U.S. Bank Holidays for 2025
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9d
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CNBC
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The 6 best Bank of America credit cards of January 2025
Bank
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The Real Deal
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Check out DFW’s biggest office leases of 2024
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