|Flagstar Funds $2.4 Billion In June
Company expects increased July & August production
July 11, 2002
By MortgageDaily.com staff
Mortgage loan production at Flagstar Bancorp, Inc. reached $2.4 billion during June, down from June of last year when production was $2.8 billion. In May, the Troy Michigan lender closed $2.4 billion.
Production for the second quarter was $7.4 billion, down from $8.2 billion last year.