Flagstar Bancorp, Inc. operates as the holding company for Flagstar Bank, FSB that offers consumer and commercial financial products and services to individuals, and small and middle market businesses in Michigan, Indiana, and Georgia. The company engages in generating deposits and originating loans. Its deposit products include demand deposits, savings and money market accounts, checking deposits, certificates of deposits, municipal deposits, national deposits, and company controlled deposits. The company’s loan portfolio comprises single-family mortgage loans, consumer loans, commercial real estate loans, non-real estate commercial loans, and residential mortgage loans for others. It also originates, acquires, sells, and services one-to-four family residential mortgage loans. The company, through its subsidiaries, acts as an agent for life insurance, health and casualty insurance, and reinsurance companies; and provides online paperless office solutions for mortgage originators. It also engages in holding investment loans, purchasing securities, selling and securitizing mortgage loans, maintaining and selling mortgage servicing rights, developing new loan products, establishing pricing for mortgage loans to be acquired, providing for lock-in support, and managing interest rate risk associated with these activities. As of December 31, 2009, the company operated 165 banking centers. Flagstar Bancorp was founded in 1987 and is headquartered in Troy, Michigan.
FBC Top Compensated Officers
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $464.2K
Chief Investment Officer, Executive Vice Pres...
Total Annual Compensation: $428.8K
Compensation as of Fiscal Year 2008.
Key developments for FLAGSTAR BANCORP INC (FBC)
Flagstar Bancorp Inc. Announces New Low Down Payment Mortgage Benefit Called Job Loss Protection
Flagstar Bancorp Inc. announced a new low down payment mortgage benefit designed to cover a homebuyer's mortgage payments if he or she becomes involuntarily unemployed. Called Job Loss Protection, the benefit is available at no charge on new loans with mortgage insurance provided by Genworth Financial. Mortgage insurance is required on loans with down payments of less than 20%. The program covers a borrower's mortgage payment (principal, interest, taxes and insurance) of up to $2,000 a month for up to six months during their benefit period, with a maximum of three monthly payments per job loss occurrence in the event of involuntary unemployment. Benefits are paid directly to the mortgage company just as if the borrower had made the payment. The borrower vesting period is 60 days after closing, and payments begin 30 days from the date of involuntary unemployment. Coverage stays in place for up to three years after the loan closes and the mortgage insurance remains in place.
Flagstar Bancorp Inc. to Report Q1, 2010 Results on 04/27/2010
Flagstar Bancorp Inc. announced that they will report Q1, 2010 results on 04/27/2010
Flagstar Bancorp Inc., Q1 2010 Earnings Call, Apr-27-2010
Flagstar Bancorp Inc., Q1 2010 Earnings Call, Apr-27-2010 Print Press Release
|Flagstar Bancorp Announces Quarterly Conference Call |
TROY, Mich., April 1, 2010 /PRNewswire via COMTEX/ --Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its first quarter 2010 Analyst / Investor Conference Call. The purpose of the call is to discuss the Company's first quarter 2010 earnings that will be released after the close of business on April 27, 2010. Representing the Company on the call will be Joseph P. Campanelli, Chairman and CEO, and Paul D. Borja, CFO.
The conference call will take place on Wednesday, April 28, 2010, from 11 a.m. to 12 noon (Eastern). To join, please call (866) 294-1212 toll free or (702) 696-4919 and use passcode: 67000077. Please call at least 10 minutes before the call is scheduled to begin. A replay will be available for five business days by calling (800) 642-1687 toll free or (706) 645-9291 using the passcode: 67000077.
The conference call will also be available as a live audiocast on the Investor Relations section of http://www.flagstar.com/. It will also be archived on that site and will be available for replay and download. A slide presentation to accompany the conference call will also be posted on that site.
Questions may be asked during the conference call or by sending emails to email@example.com. Any questions concerning the call should be directed to Paul D. Borja, Executive Vice President & CFO, or Bradley Howes, Investor Relations Officer, at (248) 312-2000.
Flagstar Bancorp, with $14.0 billion in total assets at December 31, 2009, is the second largest publicly held savings bank headquartered in the Midwest. At December 31, 2009, Flagstar operated 165 banking centers in Michigan, Indiana and Georgia and 23 home loan centers in 14 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans.
SOURCE Flagstar Bancorp, Inc.