Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans underlying $1.1 billion in mortgage-backed securities.
MBIA (NYSE: MBI) (the Company) today announced that its wholly-owned subsidiary, MBIA Insurance Corporation (MBIA Corp.) has entered into an agreement (the Settlement Agreement) to settle the lawsuit filed by MBIA Corp. on January 11, 2013 against...
In a report published Wednesday, Compass Point analyst Kevin Barker initiated coverage on Flagstar Bancorp (NYSE: FBC) with a Sell rating and $12.00 price target.
In the report, Barker noted, “Flagstar is the largest Michigan-based savings...
Feb. 14, 2013
/PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) has agreed to sell the assets and operations of DocVelocity, its document imaging business for mortgage lenders, to Capsilon, a provider of...
NEW YORK (TheStreet) -- Investors with a strong stomach could be looking at a rewarding bank-stock pick in Flagstar Bancorp.
The Troy, Mich., lender's shares are down 4% in Wednesday trading to $15.41 as a result of an expensive court ruling...
Flagstar Bancorp, Inc. (NYSE: FBC),
("Flagstar"), the holding company for Flagstar Bank, FSB (the "Bank"), today
announced that, effective February 5, 2013, the Bank has entered into a
definitive Asset and Portfolio Purchase and Sale Agreement...
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