---
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"
generated_at: "2026-05-30T05:01:05.956594+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Flagstar completes $1.3B sale of mortgage servicing assets to Mr. Cooper subsidiary

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000910073-24-000184
- JSON: https://secwatch.observer/filing/0000910073-24-000184.json
- Plain text: https://secwatch.observer/filing/0000910073-24-000184.txt

## Key facts
- M&A Transactions
  FLAGSTAR BANK, NATIONAL ASSOCIATION completed a disposition involving Nationstar Mortgage LLC for approximately $1.3 billion in cash (closed 2024-10-31).
  - Action: disposition
  - Counterparty: Nationstar Mortgage LLC
  - Consideration: approximately $1.3 billion in cash
  - Closing: 2024-10-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/910073/000091007324000184/0000910073-24-000184-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.