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Flagstar Pays Freddie Mac $8.9 Million to Resolve Home Loans

Dec. 30 (Bloomberg) -- Flagstar Bancorp Inc. agreed to pay Freddie Mac $8.9 million to resolve repurchase requests for home loans originated between Jan. 1, 2000, and Dec. 31, 2008.

The total resolution was $10.8 million including credits and adjustments, the Troy, Michigan-based firm said today in a statement.

Link to Statement:{NSN MYMES33MMTC1 <GO>}

Link to Company News:{FMCC US <Equity> CN <GO>} Link to Company News:{FBC US <Equity> CN <GO>}

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editor responsible for this story: Steven Crabill at scrabill@bloomberg.net

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