Building a $124 billion bank and mortgage powerhouse with Lee Smith 

On today’s episode, HW Media’s CEO Clayton Collins sits down with Lee Smith, the senior executive vice president and president of mortgage at Flagstar Bank. At Flagstar, Smith is responsible for the direction and oversight of all aspects of mortgage, including mortgage sales and originations, secondary and capital markets, mortgage fulfillment operations and mortgage servicing, as well as the strategic growth of the mortgage and servicing businesses.

Today, he and Clayton’s conversation is all about the banking industry, including discussion of increased regulatory oversight that could potentially start an even stronger consolidation wave, as well as current market dynamics and recent Fed actions. They also talk about the new Flagstar as it has evolved quite a bit in the last year through its merger with New York Community Bancorp and acquisition of some assets of Signature Bank.

Related to this episode:

• Connect with Lee on LinkedIn
• The good news? The Fed doesn’t expect a recession. The bad news? Housing.
• Flagstar’s EVP on the company’s future with NYCB, Signature 
• Rumored Basel changes could hit big bank mortgage lending: Bloomberg
• HousingWire on YouTube

The Housing News podcast explores the most important topics happening in mortgage, real estate and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Clayton Collins and produced by the HW Media team.