twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to 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

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

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

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

Press Releases
Reports and announcements from

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.

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

Mortgage News


Mortgage News

HOT Topics









site map
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 Fundings Fade, Warehouse Holdings Tumble

$4.3 billion Q1-2010 production

April 28, 2010

By staff

Residential originations have fallen by more than half during the past year at Flagstar Bank FSB, while warehouse financing has declined by more than half just since the end of December. The servicing portfolio was also lower.

Home-loan production was $4.330 billion during the first quarter, parent Flagstar Bancorp Inc. reported today. Fundings fell from $6.902 billion during the prior period and sank from $9.500 billion the same quarter during the prior year.

The third-party residential servicing portfolio ended last month at $48.3 billion, falling from $56.5 billion three months earlier as a result of two bulk servicing sales for $10.8 billion. The servicing portfolio was $58.9 billion on March 31, 2009.

In addition Flagstar owned $4.8 billion in first mortgages and $0.2 billion in second mortgages as of the end of the first quarter. First-mortgage holdings were down from $5.0 billion on Dec. 31, while second-mortgages holdings were mostly unchanged.

The bank also held $0.6 billion in warehouse lending assets, tumbling from $1.4 billion at the end of last year.

Commercial mortgage holdings of $1.6 billion and $16 million in construction loans were unchanged from the fourth quarter.

Flagstar Bancorp had a $77 million first-quarter loss before taxes, worse than the $67 million loss three months earlier.

Headcount at the Troy, Mich.-based institution, excluding loan originators and wholesale account executives, eased to 2,927 from 3,075 at the end of December.

Flagstar employed 314 LOs and AEs as of the end of last month, lower than 336 three months earlier and significantly lower than 519 at the end of the first-quarter 2009.

Flagstar operated 23 home loan centers in 14 states as of March 31, the same as in the fourth quarter. In addition, 162 banking centers were in operation, easing from 165.

Flagstar profile

next story

back to current headlines

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

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