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  • President Trump signs Dodd-Frank rollback into law

    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'Flagstar Bank'

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  • AIME shoots for 20% market share for wholesale mortgages by 2020

    Fueled by new sponsorship the organization is pushing for growth in the industry
    The Association of Independent Mortgage Experts is in growth mode, aiming for 20% market share of the mortgage market by 2020. Recent sponsorship from United Wholesale Mortgage, Caliber Home Loans, Finance of America Mortgage, and others have enabled AIME to offer free membership to partners of its sponsors. Included in membership are a set of tools and resources loan originators can use to increase productivity.
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  • Flagstar Bank to acquire Santander Bank's mortgage warehouse loan portfolio

    The acquisition is expected to close in the first quarter of 2018
    Flagstar Bank announced Tuesday it has signed a definitive agreement to purchase a mortgage warehouse loan portfolio from Santander Bank. As part of the transaction, Flagstar will bring on Santander's existing relationship managers, adding the employees to its warehouse business, the company explained in a release.
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  • Capital One consumer direct lending team finds new home at Flagstar

    Rocky Stubbs takes team from Capital One to Flagstar
    When Capital One suddenly announced last year that it planned to exit its mortgage and home equity originations business, not much was known about what would happen to the more than 900 employees that would be laid off as a result of Capital One’s decision. Well, it turns out that a small percentage of those employees will be moving over to Flagstar Bank.
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  • Flagstar expanding in California with new acquisitions

    Buying 8 Desert Community Bank branches
    Earlier this year, the company acquired Stearns Lending’s delegated correspondent lending business and Opes Advisors, a full-service mortgage bank and financial advisory firm. The Opes Advisors acquisition positioned Flagstar to grow its lending business in the Western part of the U.S., and now, the company is making another move to grow its business on the west coast.
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  • Flagstar rolls out zero-down mortgage with closing cost aid for low-income borrowers

    Bank will also provide up to $3,500 for closing costs
    Flagstar Bank is targeting low- to moderate-income borrowers with a mortgage offer that’s seemingly too good to be true. The program, which Flagstar introduced earlier this week, requires no down payment from the borrower and also provides the borrower with closing cost assistance. Here are the details.
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  • Flagstar Bank unveils new charitable foundation

    Plans to make focused, impactful grants in its communities
    Flagstar Bank unveiled a new charitable arm, Flagstar Foundation. "Flagstar has a 30-year tradition of investing in its communities," said Beth Correa, president of the foundation. "We now want to formalize that investment through a foundation that will support our corporate goals as well as our employees' involvement in the nonprofit world."
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