Items Tagged with 'Flagstar Bank'
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
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
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
Ionia-based Independent Bank and Flagstar Bank rank among the nation's top mortgage lenders in 2012. Read More
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 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
Flagstar Bancorp Inc. (NYSE: FBC) announced today that it has received notice from the New York Stock Exchange that it is once again in compliance with the NYSE’s continued listing requirement of a minimum average closing price of $1 per share over a consecutive 30-trading-day period. Read More
Michael J. Tierney takes over as CEO Nov. 1; banks becomes profitable.
Michael J. Tierney, a Grand Rapids native with more than 33 years of banking experience throughout the Midwest, will take over as CEO of both Flagstar Bank and its holding company, Flagstar Bancorp Inc. of Troy, on Nov. 1. He has served as president of both since Oct. 1. Read More