Flagstar Bank Launches National Homebuilder Lending Platform to Expand and Diversify Commercial Lending02/11/16
TROY, Mich., Feb. 11, 2016 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) announced that it has launched a national homebuilder lending platform, which will support the expansion and diversification of the company's commercial lending business and boost its commercial banking presence on a national scale. The group specializes in providing financing to residential developers and homebuilders throughout the United States. The initiative is being led by a team of 1... More >>
Flagstar Bank Awards Grant to the Kids' Food Basket02/03/16
New refrigeration system means more food for kids TROY, Mich., Feb. 3, 2016–Flagstar Bank today announced the Kids’ Food Basket in Holland, Mich., received a $5,000 grant as the winner of Flagstar’s Michigan Makeovers program. The winning project was selected by public vote. Every day, the Kids’ Food Basket provides a nutritious evening meal called a Sack Supper to over 7,500 area children. With help from Flagstar’s grant, the organization will be able to expand i... More >>
Flagstar Reports Fourth Quarter 2015 Net Income of $33 million, or $0.44 per Diluted Share01/26/16
Company makes continued progress in successfully executing business plan Key Q4 Highlights Net interest income grew 4 percent from third quarter 2015, driven by a 5 percent increase in earning assets Gain on loan sales fell $22 million, or 32 percent, from prior quarter due to seasonal factors and TILA-RESPA Integrated Disclosure ("TRID") Net charge-offs and consumer delinquencies improved on solid credit performance Tier 1 leverage ratio remained strong at 11.5 ... More >>
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