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Flagstar Reports First Quarter 2016 Net Income of $39 million, or $0.54 per Diluted Share04/26/16
Company posts fifth consecutive quarter of strong, consistent earnings Key Highlights - First Quarter 2016 Net income increased $6 million, or $0.10 per diluted share, from fourth quarter 2015. Net interest income rose 4 percent from last quarter, driven by 6 percent increase in average earning assets; average loans held-for-sale rose 17 percent on strong business activity. Fallout-adjusted locks increased 37 percent to $6.9 billion on higher refinance activi... More >>
Flagstar Bank Receives Fannie Mae's 2015 STAR Performer Award04/25/16
Recognized for Performance in General Servicing TROY, Mich., April 25, 2016 /PRNewswire/ -- Flagstar Bank was recently named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer for 2015 by Fannie Mae in recognition of Flagstar's outstanding performance and best practices in the General Servicing category. The STAR Program recognizes top-performing mortgage servicers for assisting homeowners, aiding the housing recovery, and demonstrating excellenc... More >>
Flagstar Earns Investment-Grade Ratings and Stable Outlook From Kroll Bond Rating Agency04/18/16
TROY, Mich., April 18, 2016 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced that it has earned investment-grade ratings with a stable outlook from the Kroll Bond Rating Agency ("KBRA"). KBRA assigned a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Flagstar Bancorp, Inc. Flagstar Bank, FSB was assigned a deposit rating of BBB+, a senior unsecure... More >>
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