HomeStreet to Sell $990 Million in Loans to Bank of America
Portfolio Pulse from
HomeStreet Bank's parent company is selling $990 million in multifamily commercial real estate loans to Bank of America at 92% of the principal balance. The transaction is expected to close before Tuesday.
December 27, 2024 | 10:15 pm
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POSITIVE IMPACT
Bank of America is acquiring $990 million in loans from HomeStreet Bank, potentially expanding its loan portfolio.
Acquiring $990 million in loans from HomeStreet Bank could expand Bank of America's loan portfolio, potentially enhancing its revenue streams. This may have a positive short-term impact on BAC's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
HomeStreet Bank is selling $990 million in loans to Bank of America, which could improve its liquidity and financial position.
The sale of $990 million in loans to Bank of America is a significant transaction for HomeStreet Bank, likely improving its liquidity and financial position. This could positively impact HMST's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90