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May 05, 2015 12:44 AM ET

Banks

Company Overview of Flagstar Bank, FSB

Company Overview

Flagstar Bank, FSB provides commercial, small business, and consumer banking services in Michigan. The company offers checking accounts, savings accounts, money market accounts, certificates of deposit, and online and mobile banking services; and fixed mortgages, VA mortgages, home loans, refinance, home equity lines of credit, and credit cards. It also provides traditional IRAs, Roth IRAs, educational accounts, health savings accounts, and financial planning libraries; and personal loans, including auto, boat, motorcycle, RV, and snowmobile loans. In addition, it offers home loans through a wholesale network of brokers and correspondents, and retail centers. Further, the company provides co...

5151 Corporate Drive

Troy, MI 48098

United States

Founded in 1987

Phone:

248-312-2000

Fax:

248-312-6834

Key Executives for Flagstar Bank, FSB

Chief Executive Officer, President, Director, Chief Executive Officer of Flagstar Bancorp, Inc and Director of Flagstar Bancorp, Inc
Age: 59
Chief Operating Officer
Age: 39
President of Mortgage Banking Division
Age: 59
Interim Chief Legal Officer and Interim Chief Legal Officer of Flagstar Bancorp, Inc.
Age: 46
Head of Public Funds and Senior Vice President
Compensation as of Fiscal Year 2014.

Flagstar Bank, FSB Key Developments

Flagstar Bank Announces Settlement with Consumer Financial Protection Bureau

Flagstar Bank, FSB announced that it has entered into a settlement agreement with the Consumer Financial Protection Bureau (CFPB). The settlement relates to alleged violations of federal consumer financial laws arising from the Bank's loss mitigation practices and default servicing operations dating back to 2011. Under the terms of the settlement agreement, the Bank will pay $27.5 million to the CFPB for borrower remediation, and $10 million in civil monetary penalties. The settlement does not involve any admission of wrongdoing on the part of the Company or its employees, directors, officers or agents.

Flagstar Bank FSB Names Stephen Figliuolo as Chief Risk Officer

Flagstar Bancorp Inc. announced that Flagstar Bank FSB appointed Stephen Figliuolo to serve as chief risk officer. Figliuolo will be responsible for managing the office of enterprise risk management, which oversees credit risk, operations risk, modeling and analytics, mortgage risk and loan review operations.

Flagstar Bank, FSB Announces Resignation of Michael Tierney as Executive Vice-President of Personal Financial Services

Michael Tierney, Executive Vice-President of Personal Financial Services at Flagstar Bank, FSB has announced his intention to resign from Flagstar Bank effective January 31, 2014. Mr. Tierney was previously Chief Executive Officer of the company.

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