Items Tagged with 'Flagstar Bancorp Inc.'


  • Flagstar rebounds, posts income of $25.5M in 2Q14

    Income up significantly from net loss of $78.9M in first quarter
    The company cited improved net interest income and gain on loan sales, increased mortgage rate lock commitments and loan origination volume and a continued focus on expense management as drivers of the income growth.
    Read More
  • Flagstar Bancorp reaches $10.8 million repurchase settlement

    Follows wave of Fannie, Freddie settlements
    Flagstar Bancorp has entered into an agreement with Freddie Mac to resolve substantially all of the repurchase requests and obligations associated with loans originated between Jan. 1, 2000, and Dec. 31, 2008. The deal comes on the heels of several other government-sponsored enterprises reaching substantial settlements.
    Read More
  • Credit Costs Weigh Down Flagstar's Origination Gains

    Flagstar Bancorp, Inc. [stock FBC][/stock], the holding company for Flagstar Bank FSB, on Tuesday reported a $67.4m -- or 76 cents per share -- Q109 net loss, narrowed from Q408's $218.5m net loss. Flagstar said it earned $144.6m before taxes and credit costs and touted its residential loan originations increased to $9.5bn from $5.4 bn last quarter.
    Read More
  • Flagstar Posts $200.3 Million Quarterly Loss

    Flagstar Bancorp Inc. [stock FBC][/stock], the holding company for Flagstar Bank FSB, announced Friday it had posted a net loss of $200.3 million, or $2.40 per share, in the fourth quarter -- up more than 300 percent from the third-quarter loss of $62.1 million.  Non-performing assets including real estate-owned and repurchased assets increased to $755.2 million at the end of the fourth quarter, up from $548.3 million at the end of the third quarter.
    Read More
  • Flagstar Sees Credit Costs Bite Bottom Line in Q3

    Flagstar Bancorp, Inc. [stock FBC][/stock] , the holding company for Flagstar Bank FSB, said late last week that it lost $62.1 million, or $0.79/share, during the third quarter, as credit costs continued to eat away at the bottom line. The Q3 loss widened a $32.1 million loss, or $.22/share, from the same period in 2007.
    Read More