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Flagstar Reports Second Quarter 2015 Net Income of $46.4 million, or $0.68 per Diluted Share07/28/15
Earnings increase 47 percent, led by positive operating leverage and lower credit costs Net interest income up 12 percent with earning assets up 10 percent Interest-only loan sale significantly de-risked balance sheet Key Q2 Highlights Net income increased $14.9 million, or $0.25 per diluted share, from first quarter 2015 Positive operating leverage, led by 9 percent rise in revenue and 1 percent increase in expenses versus prior quarter Interest-earning assets increa... More >>
Flagstar Announces Second Quarter 2015 Earnings Call07/01/15
TROY, Mich., July 1, 2015 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its second quarter 2015 earnings call, which will be held Tuesday, July 28, 2015, at 11 a.m. ET. The purpose of the call is to discuss Flagstar's second quarter 2015 financial results, which will be released at approximately 6:30 a.m. July 28, 2015. To join the call, please dial (888) 208-1814 toll free or (719) 457-2618, and use passcode 9686622. Please call at least 10 minutes befor... More >>
Flagstar Hires Leonard Israel as President of Mortgage06/22/15
Mortgage Industry Veteran Brings Nearly 30 Years of Experience TROY, Mich., June 22, 2015 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), today announced that Leonard Israel has joined Flagstar Bank as president of Mortgage. In this position, Israel will report to Flagstar President and CEO Alessandro DiNello and be responsible for all aspects of Flagstar's mortgage originations business. He brings to Flagstar nearly 30 years of experience in the mortgage industry. "We're fortunate t... More >>
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