Tagged: Flagstar Bank

After merger with Flagstar Bank, says it will eliminate 69% of retail mortgage lending offices.
Banks will continue to operate separate retail banking outlets; Flagstar Mortgage included in the deal.
Shifting product focus to enhance borrower options.
Are the troubles at FGMC and Sprout isolated or the beginning of a trend?

Major warehouse lender placing restrictions on funding advances.
Companies amend the merger agreement to provide that the combined company's banking operations will operate under a national bank charter.
CEO says he is optimistic about 2022 after the bank navigated a 'transitionary period' in the first quarter.
Jim Linnane’s experience includes mortgage origination, marketing, underwriting, construction lending, home equity products and wholesale financing.