Live Breaking News & Updates on Kenneth Schellenberg

Stay updated with breaking news from Kenneth schellenberg. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Flagstar Bancorp 1Q Earnings Down 64% YOY; Cut 20% Of Mortgage Staff

Flagstar Bancorp Inc., the holding company for Flagstar Bank, today reported a 64% decrease in year-over-year net income in the first quarter while stating it was the result of a “transitionary period.” The Troy, Mich.-based bank, which provides home loans through a wholesale network of brokers and correspondents in all 50 states and 82 retail locations in 28 states, also reported it had responded to the difficult quarter by cutting costs, including reducing its mortgage staff by 20%.  ....

Kenneth Schellenberg , Alessandro Dinello , Flagstar Bank , Flagstar Bancorp , Flagstar Bancorp Inc , Bancorp President ,