<ul><li>HomeStreet, the parent company of HomeStreet Bank, has agreed to sell $990 million in multifamily commercial real estate loans to Bank of America.</li><li>The loan sale price is 92% of the principal balance and is expected to close before Dec. 31st.</li><li>The proceeds from the loan sale will be used to pay down higher-interest loans and deposits.</li><li>The sale is part of HomeStreet's strategic plan to return to profitability.</li></ul>

HomeStreet to Sell $990 Million in Loans to Bank of America

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