Items Tagged with 'Flagstar'

ARTICLES

  • Live Well Financial's abrupt closing leads to host of problems

    Creditor pledges to pursue "all available sources of collection" while former employees sue for lost wages
    Live Well Financial abruptly shuttered operations earlier this month, blaming unforeseen market conditions and regulatory issues that rendered the company without sufficient capital to continue funding traditional and reverse mortgage loans. But now, the company has to deal with the damage left in the wake of its decision to abruptly close – and it looks like the cleanup will likely be expensive.
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  • From HW Magazine

    2018 Rising Stars: Rocky Stubbs

    SVP, Head of Direct and Digital Lending at Flagstar
    Rocky Stubbs recently joined Flagstar as head of direct lending and has been charged with positioning Flagstar as a market leader in digital and direct mortgage lending.
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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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