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Mark Hammond

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Credit Costs Weigh Down Flagstar’s Origination Gains HW+

Apr 22, 2009By

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.

3d rendering of a row of luxury townhouses along a street

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