Items Tagged with 'Flagstar Bank'

ARTICLES

Bank forms foundation

September 25, 2017
A bank with a major presence in the region has created a foundation for charitable giving in the communities it serves. Read More

Bank signs jersey sponsorship with Detroit Pistons

July 28, 2017
A bank with a major presence in West Michigan has signed a jersey sponsorship deal with the Detroit Pistons. Read More

Bank reaches $37.5M settlement

September 30, 2014
A Michigan bank with a large regional presence has reached a $37.5-million settlement with the federal Consumer Financial Protection Bureau. Read More

Bank lays off 600 employees

January 16, 2014
A statewide bank said Thursday that it has laid off approximately 600 employees — many of them tied to the mortgage industry. Read More

Bank reaches $10.8M settlement with Freddie Mac

December 31, 2013
A statewide bank has reached a settlement with Freddie Mac over mortgage repurchase obligations regarding mortgages it had sold, but did not live up to expectations — similar to a settlement of “legacy issues” the bank reached with Fannie Mae in November. Read More

Bank sells servicing rights on $40.7B in mortgages

December 27, 2013
A bank holding company with a large regional presence has agreed to sell more than half of its mortgage servicing rights portfolio to the subsidiary of a New York investment corporation. Read More

Bank settles class action lawsuit over 401(k) investments for $3M

September 4, 2013
Two East Coast law firms have announced a $3 million preliminary settlement in a class action lawsuit charging a Michigan-based bank with violation of the federal Employee Retirement Income Security Act. Read More

Independent and Flagstar banks bookend nation's top mortgage lenders

July 4, 2013
Ionia-based Independent Bank and Flagstar Bank rank among the nation's top mortgage lenders in 2012. Read More

Flagstar settles mortgage flap with Assured Guaranty Ltd.

June 26, 2013
Flagstar Bancorp Inc. of Troy has agreed to pay Assured Guaranty Ltd. $105 million to settle a lawsuit filed by the Bermuda bond insurer, which accused the bank of misrepresenting the quality of loans within $902 million worth of home mortgage-backed securities issued in 2005 and 2006. Read More

Flagstar and Independent year-end results back in black

February 4, 2013
Flagstar Bancorp (NYSE: FBC) in Troy and Independent Bank (Nasdaq: IBCP) in Ionia both have much better news for their stockholders in the new year: They made money in 2012, unlike the prior year. Read More