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Stock Market & Financial Investment News

News Breaks
February 9, 2013
14:48 EDTFBCFlagstar's revised Q4 EPS is ($1.75); previously reported Q4 EPS was $1.12
Following the Court's decision in the Assured case, Flagstar increased, effective as of December 31, 2012, its reserve for pending and threatened litigation, which resulted in a decrease in net income of $161M, or $2.87 p/s, for Q412. The total amount reserved for pending and threatened litigation, including amounts paid in anticipation of future settlements, was increased to approximately $244.6M at December 31. Included in this reserve are amounts for the Court's decision regarding Assured and for the lawsuit that the MBIA Insurance Corporation filed against the Bank on January 11, 2013, along with other pending litigation.
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October 21, 2014
18:38 EDTFBCFlagstar Bancorp took action to reduce risk during Q3
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18:37 EDTFBCFlagstar Bancorp reports Q3 EPS 1c, consensus 11c
Reports Q3 provision for loan losses $8.1M adn net charge-offs $13.1M.

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