{"schema_version":"secwatch.filing_event.v1","accession":"0000910073-24-000184","form_type":"8-K","ticker":"FLG","cik":"0000910073","company_name":"FLAGSTAR BANK, NATIONAL ASSOCIATION","filed_at":"2024-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.347726+00:00","generated_at":"2026-05-30T05:01:05.956594+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Flagstar completes $1.3B sale of mortgage servicing assets to Mr. Cooper subsidiary","bullets":["Closed sale of mortgage servicing rights, subservicing contracts and origination assets to Nationstar for ~$1.3B cash on Oct 31, 2024.","Estimated pre-tax gain on sale of ~$130M; expects additional pre-tax costs of ~$75M from asset impairment and severance.","Pro forma shows removal of ~$1.09B MSR, ~$374M loans, and $333M other liabilities; custodial deposits of ~$4B to transfer within 5 months.","Transaction reduces interest income and expenses; pro forma net loss for H1 2024 widens from $650M to $722M."],"urls":{"canonical":"https://secwatch.observer/filing/0000910073-24-000184","json":"https://secwatch.observer/filing/0000910073-24-000184.json","markdown":"https://secwatch.observer/filing/0000910073-24-000184.md","text":"https://secwatch.observer/filing/0000910073-24-000184.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/910073/000091007324000184/0000910073-24-000184-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/910073/000091007324000184/nycb-20241031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T05:01:05.956594+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e50da5a443d23c82343becf0ce240f47ae6abebb","claim":"FLAGSTAR BANK, NATIONAL ASSOCIATION completed a disposition involving Nationstar Mortgage LLC for approximately $1.3 billion in cash (closed 2024-10-31).","evidence_excerpt":"On October 31, 2024, Flagstar Bank, National Association (“Flagstar”), the wholly owned subsidiary of Flagstar Financial, Inc. (f/k/a New York Community Bancorp, Inc.) (the “Company”), completed its previously announced sale of certain assets, including mortgage servicing rights, subservicing contracts, and third-party origination assets (the “Transaction”), to Nationstar Mortgage LLC, a Delaware limited liability company and operating subsidiary of Mr. Cooper Group Inc. (“Nationstar”), for an aggregate purchase price of approximately $1.3 billion in cash.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/910073/000091007324000184/0000910073-24-000184-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Nationstar Mortgage LLC"},{"label":"Consideration","value":"approximately $1.3 billion in cash"},{"label":"Closing","value":"2024-10-31"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}