Flagstar Bancorp of Troy, Mich., added a caveat to the higher full-year forecast it had issued for its mortgage servicing income.

At an investor presentation Wednesday, the thrift company had said it expects to make $97 million to $107 million this year from servicing loans, compared to its previous estimate of $61 million to $71 million. But on Friday, Flagstar cautioned that the estimates reflect only cash flow from the business, and not changes in the market value of servicing rights as a result of interest rate movements.

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