home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Flagstar Bancorp Reports Mortgage Production Totals

TROY, Mich., Jan. 11 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: FBC), holding company of Flagstar Bank, FSB, today released December 2001 residential mortgage loan production figures. During December, the company closed a record $3.8 billion in residential mortgage loans. This level of production equals the corporate record recorded in November despite the slower holiday period.

Fourth quarter production of $11.0 billion and 2001 annual totals also reached periodic records for residential mortgage loan production. During 2001, the Company originated $33.0 billion, exceeding the $18.8 billion record set in 1998.

"We are extremely proud of this achievement, which is a result of long hours put in by our associates and leveraging strong customer relationships developed over many years," stated Mark T. Hammond, President and Chief Executive Officer. "Although we are seeing a slowdown in volume for the early weeks of 2002, our pipeline of loans with rate lock commitments totaled $3.1 billion at year end. We believe that our volume for the first half of the year will lag last year by 12%, however 2002 looks like it is going to be another great year for mortgage production," added Hammond.

"As has been the case in the recent past, the record origination volume has created a large amount of transaction fee income within our mortgage banking operation. At this time we believe our earnings for the fourth quarter will exceed the consensus estimate of $1.00 per share.

Flagstar Bancorp's wholly owned subsidiary, Flagstar Bank, is the largest savings institution headquartered in Michigan. Flagstar Bank currently operates from 71 banking centers located in Michigan and Indiana, 59 loan origination offices located predominantly in Michigan, along with 15 correspondent lending offices located across the United States.

The information contained in this release is not intended as a solicitation to buy Flagstar Bancorp, Inc. stock, is provided for general information, and is not intended to predict the future earnings of Flagstar Bancorp, Inc. Additional information about Flagstar may be accessed via the Internet at http://www.flagstar.com

Flagstar Bancorp, Inc.

Michael W. Carrie
Executive Vice President of Flagstar Bancorp, Inc.
http://www.flagstar.com /

hosted by USANow.net

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders