After three consecutive years of losses directly related to residential real estate, Flagstar Bancorp Inc. of Troy, Mich., is looking to diversify its portfolio in 2010.

Joseph P. Campanelli, Flagstar's president and chief executive, said it plans to broaden its revenue stream with ventures outside its national mortgage banking model. It aims to expand in small-business banking, cash management services, middle-market commercial lending and government banking, he said.

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