Last €13.66 EUR
Change Today -0.185 / -1.34%
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As of 2:08 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

5151 Corporate Drive

Troy, MI 48098

United States

Phone: 248-312-2000


Flagstar Bancorp, Inc. operates as the holding company for Flagstar Bank, FSB that provides a range of products and services to consumers, businesses, and homeowners. The company offers consumer products, including deposit accounts; standard and jumbo home loans; home equity lines of credit; and personal loans, including auto and boat loans. The company also offers commercial loans and treasury management services. Commercial products include deposit and sweep accounts, telephone banking, term loans and lines of credit, lease financing, government banking products, and treasury management services, such as remote deposit and merchant services. Segments The company operates through two segments, Mortgage Banking and Community Banking. Mortgage Banking This segment’s primary business is to originate, acquire, sell, and service residential first mortgage loans on one-to-four family residences, as well as sell them into securitization pools, primarily to Fannie Mae, Freddie Mac, and Ginnie Mae or as whole loans. The company originates residential first mortgage loans through its wholesale relationships with approximately 1,700 mortgage brokers and approximately 1,300 correspondents, which are located in all 50 states and serviced by 134 account executives. The company also operates 31 home lending centers located in 14 states, which primarily originate one-to-four family residential first mortgage loans as part of this segment. These loan origination centers employ approximately 200 loan officers. It also originates mortgage loans through referrals from its 111 banking centers, consumer direct call center, and its Website, The combination of its home lending, broker, and correspondent channels gives the company access to customers across various geographies to originate, fulfill, sell, and service its residential first mortgage loan products. The company’s servicing activities primarily include collecting cash for principal, interest and escrow payments from borrowers, assisting homeowners through loss mitigation activities, and accounting for and remitting principal and interest payments to investors and escrow payments to third parties. Community Banking This segment’s business includes providing community banking services. Through the company’s banking centers, it gathers deposits and offers a line of consumer and commercial financial products and services to individuals and businesses. It provides deposit and cash management services to governmental units on a relationship basis. This segment is represented primarily by four groups, such as Branch Banking, Commercial and Business Banking, Government Banking, and Warehouse Lending. The groups within this segment originate consumer loans, commercial loans, and warehouse loans; gather consumer, business, and governmental deposits; and offer liquidity management products. The liquidity management products include customized treasury management solutions, equipment and technology leasing, international services, and capital markets services, such as interest rate risk protection products, foreign exchange hedging, and trading of securities. Commercial and Business Banking includes relationship and portfolio managers throughout Michigan's major markets. Government Banking provides deposit and cash management services to various sizes of government units and school districts on a relationship basis throughout Michigan and Georgia. This segment also cross-sells primary products, such as checking accounts, savings accounts, investment products, and consumer loans, to new and existing customers. Commercial and Industrial Loans: Commercial and industrial held-for-investment loan facilities include lines of credit to the company’s small or middle market businesses for use in normal business operations to finance working capital needs, equipment purchases, and expansion projects. Warehouse Lending: The company also offers warehouse lines of credit to other mortgage lenders. These allow the lender to fund the closing of residential first mortgage loans. Non-bank Subsidiaries Paperless Office Solutions, Inc. (POS): POS, the com

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Valuation FL2P Industry Range
Price/Earnings 9.9x
Price/Sales 2.0x
Price/Book 0.9x
Price/Cash Flow 8.4x
TEV/Sales NM Not Meaningful

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