HomeStreet, Inc. (HMST) (the “Company” or “HomeStreet”), the parent company of HomeStreet Bank (the “Bank”), commented today on a public letter from Dwight Capital to our Board of Directors expressing an interest in acquiring our Fannie Mae DUS(1) multifamily origination and servicing business:
“HomeStreet was not aware of Dwight Capital’s interest until their press release, as they had not previously contacted us. HomeStreet has been a Fannie Mae DUS lender and servicer since the initiation of the program by Fannie Mae over 30 years ago and this business has and continues to be a profitable and important part of our commercial real estate lending business. The Board of Directors will review the letter from Dwight Capital and respond as appropriate.”
About HomeStreet, Inc.
HomeStreet, Inc. (HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii through its various operating subsidiaries. The company’s primary business following the completion of these transactions will be community banking, including: commercial real estate lending, commercial lending, residential construction lending, single family residential lending for portfolio, retail banking, private banking, investment, and insurance services. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. Certain information about our business can be found on our investor relations web site, located at http://ir.homestreet.com.
(1) Fannie Mae Multifamily Delegated Underwriting and Servicing Program (“DUS”®) is a registered trademark of Fannie Mae.