ps, as well as national finance companies. Commercial real estate loans consist of loans to developers and support income producing commercial real estate properties. These loans are made to finance properties, such as owner-occupied, retail, office, multi-family apartment buildings, industrial buildings, and residential developments. They are repaid through cash flows related to the operation, sale, or refinance of the property. Warehouse loans are lines of credit to other mortgage lenders. Community Banking This segment provides deposits and fee based services to consumer, business, and mortgage lending customers through its Branch Banking, Business, and Commercial Banking, Government Banking, Warehouse Lending and Held-for-Investment Portfolio groups. The company maintains a portfolio of commercial and industrial and commercial real estate loans with its commercial customers and it originates or purchases residential mortgage loans through referrals from its branches, consumer direct call center and its Website, flagstar.com. As of December 31, 2015, the company operated 99 branches in Michigan. Deposits Deposits include retail, commercial, government and company controlled deposits. Through its branches and commercial relationships, the company gathers deposits and offers a line of consumer and commercial financial products to individuals and businesses. The company focuses its efforts towards the growth of its core deposits, which includes checking, savings and money market deposit accounts. Borrowed Funds The Federal Home Loan Bank provides funding on a fully collateralized basis to the company. The company is authorized through a resolution of its board of directors to apply for advances from the Federal Home Loan Bank using approved loan types as collateral, such as residential first mortgage loans, home equity lines of credit, commercial real estate loans. The company has arrangements with the Federal Reserve Bank of Chicago to borrow as appropriate from its discount window. The discount window is a borrowing facility that is intended to be used only for short-term liquidity needs arising from special or unusual circumstances. To collateralize the line, the company pledges commercial and industrial loans that are eligible based on Federal Reserve Bank of Chicago guidelines. Investment Securities The company purchases investment securities, all of which consist of U.S. government sponsored agencies, consisting of mortgage-backed securities and collateralized mortgage obligations and municipal obligations. Regulation and Supervision The bank is subject to regulation, examination and supervision by the Office of the Comptroller of the Currency (OCC) of the U.S. Department of the Treasury (U.S. Treasury). The bank is also subject to regulation, examination and supervision by the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (the CFPB). The bank's deposits are insured by the FDIC through the Deposit Insurance Fund. The bank is also a member of the Federal Home Loan Bank of Indianapolis. The company must comply with a wide variety of banking, consumer protection and securities laws, regulations and supervisory expectations and are regulated by multiple regulators, including the Board of Governors of the Federal Reserve (the Federal Reserve), the OCC of U.S. Treasury, the CFPB, the FDIC and the Securities and Exchange Commission (the SEC) or collectively the regulatory agencies. The company is subject to the Supervisory Agreement with the Federal Reserve (the Supervisory Agreement), dated January 27, 2010. The bank is required to meet a Qualified Thrift Lender test to avoid certain restrictions on operations, including restrictions applicable to multiple savings and loan holding companies, restrictions on the ability to branch interstate, and its mandatory registration as a bank holding company under the Bank Holding Company Act of 1956. The bank is subject to the affiliate and insider transaction rules applicable to member banks of the Federal Reserve, as well as additional limitations imposed by the OCC. The bank is subject to many f
flagstar bancorp inc (FBC:New York)
5151 Corporate Drive
Troy, MI 48098
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