Original Source Material
Two years after commercial real estate loans sent the bank into a spiral, the Long Island-based lender is “pivoting to the growth side of the story,” its CFO said Friday.
Flagstar returns to profitability
Summary
Flagstar has returned to profitability after a two-year struggle with commercial real estate loans; the lender is now focusing on growth.
Why It Matters for Texas Credit Unions
The article does not mention Texas specifically and focuses on a Long Island-based lender's financial turnaround.