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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:02 EDTFBCFlagstar Bancorp announecs sale of remaining commercial loan portfolio
Flagstar Bancorp announced that the Bank has entered into a definitive Asset and Portfolio Purchase and Sale Agreement under which Customers Bank will acquire substantially all of Flagstar's remaining Northeast-based commercial loan portfolio. Under the terms of the Agreement, Customers will acquire $187.6M in commercial loan commitments, of which $150.9M is currently outstanding. Flagstar expects that the total purchase price will be approximately $148.9M, which represents 98.7% of the outstanding balance. Flagstar expects that a vast majority of these assets will be transferred during the first quarter 2013. Upon completion of these transfers, Flagstar expects its remaining Northeast-based commercial loan portfolio balance to be approximately $19.3M.
News For FBC From The Last 14 Days
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June 30, 2015
10:00 EDTFBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Market Perform from Outperform at FBR Capital... Apollo Education (APOL) downgraded on enrollment uncertainty at BofA/Merrill... Flagstar Bancorp (FBC) downgraded to Hold from Buy at Sandler O'Neill... Global Brass and Copper (BRSS) downgraded to Hold from Buy at BB&T... HSBC (HSBC) downgraded to Neutral from Buy at Goldman... Herman Miller (MLHR) downgraded to Neutral at Longbow... NiSource (NI) downgraded on valuation, post spinoff outlook at Argus... Sysco (SYY) downgraded to Hold from Buy at Deutsche Bank... TCF Financial (TCB) downgraded to Hold from Buy at Sandler O'Neill.
07:50 EDTFBCFlagstar Bancorp downgraded to Hold from Buy at Sandler O'Neill
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