-
Bank executives see opportunity in selling MSRs and servicing the loans for the buyers.
June 4 -
Flagstar Bancorp in Troy, Mich., reported quarterly earnings that significantly surpassed Wall Street's expectations.
July 23
Flagstar Bancorp is negotiating with the Consumer Financial Protection Bureau over potential violations in the Troy, Mich., company's default servicing business.
The $9.5 billion-asset company disclosed the settlement talks in a
The CFPB alleges that Flagstar's bank violated consumer protection laws with loss-mitigation practices that date back to 2011, the filing said.
Flagstar said it had provided the agency with documents and other information and is having ongoing discussions about a settlement. "The bank intends to vigorously defend against any enforcement action that may be brought," the filing added.
