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Stock Market & Financial Investment News

News Breaks
December 30, 2013
08:05 EDTFBCFlagstar reaches settlement with Freddit Macover mortgage repurchase obligations
Flagstar Bancorp announced that the Bank has entered into an agreement with the Federal Home Loan Mortgage Corporation o resolve substantially all of the repurchase requests and obligations associated with loans originated between January 1, 2000 and December 31, 2008 and sold to Freddie Mac. The total resolution amount is $10.8M, but after paid claim credits and other adjustments, the Bank will pay $8.9M to Freddie Mac.
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