Flagstar Bancorp Inc (FBC)

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AT PRESS TIME: We were hearing reports that Flagstar was putting the finishing touches on yet another sale of mortgage servicing rights. The thrift has yet to comment on its sales, but a disclosure via the Securities and Exchange should be afoot. Presumably, this is a “material event.” See more on the story on IMFnews next week.

from:
What We’re Hearing: Mortgage Rates May Go Sky High / Beware Small Business Owners Located Near National Parks / Why Can’t Anyone Else Raise Money for Subprime? / Flagstar Working on Another MSR Deal

By Paul Muolo

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