Flagstar Bancorp Inc (FBC.N)
20 May 2013
|Market Cap (Mil.):||$744.76|
|Shares Outstanding (Mil.):||56.04|
(Corrects paragraph 9 to clarify that the money will be used to partially pay down a secured loan)
NEW YORK - Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans underlying $1.1 billion in mortgage-backed securities.
NEW YORK, April 1 - Flagstar Bancorp Inc was ordered on Monday to pay another $17.3 million to bond insurer Assured Guaranty Ltd in a lawsuit accusing the bank of misrepresenting the quality of loans packed into $900 million of mortgage-backed securities.
* U.S. judge orders Flagstar to pay Assured Guaranty $90.1 million
NEW YORK, Feb 5 - Flagstar Bancorp Inc was ordered on Tuesday to pay $90.1 million to bond insurer Assured Guaranty Ltd in a contract dispute over loans underlying $900 million in mortgage-backed securities.
NEW YORK, Jan 11 - Bond insurer MBIA Inc sued Flagstar Bancorp Inc on Friday, accusing the bank of making false representations about the quality of loans underlying $1.02 billion in mortgage-backed securities.
Jan 2 - U.S. Midwestern regional bank Flagstar Bancorp Inc said it will sell a substantial portion of its Northeast-based commercial loan portfolio to CIT Group Inc for about $780 million as it looks to focus on its community banking operations.