Items Tagged with 'Flagstar Bancorp'

ARTICLES

  • 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.
    Read More
  • 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.
    Read More
  • Flagstar breaks into RMBS market with “high-quality” first offering

    Closes $444 million securitization of jumbo prime, high-balance conforming loans
    Flagstar Bancorp is officially in the mortgage securitization business, as the bank announced Monday that it closed its first residential mortgage-backed securitization and said that this won’t be its last one either. According to Flagstar, the 668 underlying loans are "high-quality," a characterization is shared by Fitch Ratings, which handed out $416.06 million in triple-A ratings on the deal.
    Read More
  • Detroit Pistons pick Flagstar Bank to be first jersey ad sponsor

    Flagstar also becomes official banking and mortgage sponsor of the Pistons
    For the first time in its history, the NBA is allowing teams to place a sponsor’s logo on their jerseys. So far, a third of the league’s 30 teams have inked sponsorship deals and will have a sponsor’s logo on their jerseys, including the Boston Celtics (General Electric) and the Cleveland Cavaliers (Goodyear). On Wednesday, the Detroit Pistons became the 10th team with a jersey sponsorship, and their sponsor is one of the biggest names in the mortgage business – Flagstar Bank.
    Read More
  • 2Q17 earnings prove recent Flagstar acquisitions paid off big time

    [Charts] Here are the long-term mortgage plans
    The earnings report is out for how Flagstar Bancorp’s two major acquisitions earlier this year fared for the bank, revealing a roadmap on how it hopes to position itself for success in today’s competitive market. Looking over the second-quarter earnings release, the bank outlines its plans for future growth opportunities. These charts break down its long-term mortgage plans.
    Read More
  • Flagstar finalizes acquisition of Opes Advisors

    Expands lending operations in Western part of U.S.
    Flagstar Bancorp announced Monday that it closed on its acquisition of “certain assets” of Opes Advisors, a full-service mortgage bank and financial advisory firm. The acquisition, which was first announced in April, will expand Flagstar’s mortgage lending operations in the Western part of the country.
    Read More
  • Flagstar Bancorp acquires mortgage bank to expand lending

    Buys Opes Advisors to expand footprint in Northwest
    Flagstar announced its new acquisition of Opes Advisors, a mortgage bank and financial advisory firm based in the Northeast. This new acquisition brings on about $3 billion per year in purchase originations from high quality loans. Here's more on the deal.
    Read More