Hudson City Bancorp—one of the largest buyers of correspondent loans in the New York/New Jersey area—plans to sell more of its production into the secondary market going forward.

The Paramus, N.J.-based thrift said current conditions make it difficult to be profitable as strictly a portfolio lender. For the same reasons, the company will enter the commercial real estate lending business in its retail banking footprint. These initiatives will begin in 2013.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.