HomeStreet, Inc. (HMST) News
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HMST News Highlights
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Latest HMST News From Around the Web
Below are the latest news stories about HOMESTREET INC that investors may wish to consider to help them evaluate HMST as an investment opportunity.
HomeStreet (HMST) Loses -13.39% in 4 Weeks, Here's Why a Trend Reversal May be Around the CornerHomeStreet (HMST) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock. |
January Effect Builds Up Momentum: 5 Small-Cap Stocks to BuyAfter logging its worst month, the Russell 2000 Index is up 0.4% in the initial week of 2025, indicating that the "January Effect" is building up momentum. |
Bank of America buys $990M in multifamily loans from HomeStreetHomeStreet CEO Mark Mason said the sale is the bank’s first step in returning to profitability. |
3 Solid Stocks to Pick From the Prospering Savings & Loan IndustryStocks in the Zacks Savings and Loan industry, such as BANR, HMST and CZWI, will benefit from the Fed rate cuts and improving lending scenarios. |
HomeStreet Closes Sale of $990 Million in Multi-Family LoansSEATTLE, December 31, 2024--HomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank (the "Bank"), announced the closings of the previously announced sale by the Bank, on a servicing retained basis, of $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans. Substantially all of the proceeds from the sale were used to pay down Federal Home Loan Bank borrowings. |
HomeStreet Arm to Unload $990M Multifamily Loans to Bank of AmericaHMST agrees to sell multifamily loans worth $990 million to BAC to reduce expensive funding sources and enhance profitability. |
Bank of America to Buy $990 Million of Multifamily Loans From HomeStreet(Bloomberg) -- Bank of America Corp. agreed to buy about $990 million of multifamily commercial real estate loans from HomeStreet Inc., a transaction that the seller said would help make it profitable again.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Proceeds from the sale will be used by HomeStreet to pay down Federal Home Loan Bank advances and brokered deposits, which carry higher interest rates than the company’s core deposits, the Seattle-based lender |
Sector Update: Financial Stocks Fall Premarket FridayFinancial stocks fell in premarket trading Friday with the Financial Select Sector SPDR Fund (XLF) 0 |
HomeStreet Bank offloads $990 million multifamily loans to BofA in profit pushBofA has agreed to pay about $906 million for the loans —roughly 92% of the value of the portfolio. The slight discount reflects "the current interest rate environment and that the loans being sold are primarily lower yielding", HomeStreet said on Friday. The deal marks a major milestone for HomeStreet as it maps out a path to profitability after four consecutive quarters of adjusted losses. |
HomeStreet Enters Into Agreement to Sell $990 Million in Multi-Family LoansSEATTLE, December 27, 2024--HomeStreet Enters into agreement to sell $990 Million in Multi-Family Loans |