Flagstar Sells $1.2B in Commercial Loans to CIT
The company said on Wednesday that it sold $1.2 billion in commercial loan commitments in the Northeast to a unit of CIT Group in a deal that closed Dec. 31. CIT Bank paid roughly $779 million for the portfolio, which included $785 million of ...
CIT Group will buy Flagstar loans for $779M
Flagstar Announces Sale of Northeast-Based Commercial Loans