NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan

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- Embattled regional lender New York Community Bancorp said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase.

On a pro-forma basis, the ratio of cash and securities to total assets is projected to improve to 24% from 20% as of March 31, the bank said, and added that its pro-forma loan-to-deposit ratio is expected to decline to 104% compared with 110% at the end of the first quarter.

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