Flagstar Bank

Fercho will join Wells Fargo in August and report to Mike Weinbach, the bank's CEO of consumer lending.

Customers are turning to search engines and business portals to find out if their bank is open before checking the bank’s own website. Maintaining accurate information across the web has become even more important during the pandemic.

Mortgage lenders have imposed steep pricing adjustments for cash-out refinancing as more borrowers seek forbearance.

While no one is suggesting that the plan will help banks regain the share they've ceded to nonbanks, bankers believe that stabilizing Fannie Mae and Freddie Mac could at least help them keep what they have.

The low-cost deposits it gained in its purchase of 52 Wells Fargo branches, combined with higher interest rates, lifted Flagstar's net interest margin.

Branch acquisitions, once a popular way to scale up in new markets, have started to go by the wayside in the digital age.

The Michigan company has committed $50,000 to the partnership over the next two years amid a big push to modernize its product and service offerings.

The Atlanta-based consumer lender, which partners with both retailers and banks, cited a higher-than-expected cost of funds as one reason for its less rosy forecast.

Despite an overall weak mortgage originations market, Flagstar Bancorp's third-quarter earnings grew 20%, due in large part to its ongoing efforts to diversify operations.

A proposal to let certain thrifts operate like national banks blurs the line even further between the two institution types.