New York Community Bancorp may attract buyers for mortgage-servicing rights, says KBW
New York Community Bancorp may be able to raise capital to strengthen its balance sheet and cover potential loan losses by selling mortgage-servicing rights, analysts at KBW said on Tuesday. With it stock price tumbling and a portfolio of office properties and multifamily loans under stress, New York Community Bancorp NYCB, -23.10%potentially needs to raise more capital to meet regulatory balance sheet requirements for banks with $100 billion or more of assets.KBW analysts Christopher McGratty,
Read more »