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After a "landmark" first-quarter driven by mortgage origination gains, Flagstar Bancorp is counting on mortgage servicing and community banking to spur future growth.
June 2 -
WASHINGTON Michigan-based Flagstar Bank will be required to pay $37.5 million in restitution and fines over regulatory allegations it blocked struggling homeowners from receiving foreclosure relief, the Consumer Financial Protection Bureau said Monday.
September 29 -
Flagstar Bancorp in Troy, Mich., which has been under pressure from regulators in recent months, has hired a new chief financial officer.
November 4
Flagstar Bancorp in Troy, Mich., has hired industry veteran Leonard Israel to lead its mortgage division.
The $11.6 billion-asset company on Monday named Israel president of mortgage banking operations. Israel will report to Alessandro DiNello, chief executive.
He will manage all aspects of Flagstar's mortgage business and help expand its correspondent, wholesale and retail sales channels, the company said in a news release.
Israel previously was director of commercial real estate term lending at Sabal Financial Group. He has also previously worked for IndyMac Bank and for Citigroup's CitiMortgage.
Flagstar is the