---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-187709"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:52:49.545492+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NYCB subsidiary Flagstar selling mortgage servicing business to Mr. Cooper for $1.4B

## Summary
- Purchase price ~$1.4B cash; expected to close Q4 2024.
- Transaction adds approx. 60 bps to CET1 capital ratio.
- Buyer is Mr. Cooper (NASDAQ: COOP); Jefferies LLC acted as advisor.
- Sale includes mortgage servicing rights and third-party origination platform.
- NYCB will continue offering residential mortgage products to retail/private wealth customers.

## SEC filing metadata
- accession: 0001193125-24-187709
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000119312524187709/0001193125-24-187709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000119312524187709/d835213d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-187709
- JSON: https://secwatch.observer/filing/0001193125-24-187709.json
- Plain text: https://secwatch.observer/filing/0001193125-24-187709.txt

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