Flagstar Bancorp Inc., the holding company of Flagstar Bank, has announced that the company has raised $300 million of capital through a previously announced rights offering, which closes on Feb. 8, 2010. In addition, Flagstar has announced that Todd McGowan has joined as chief risk officer and that James A. Ovenden has been elected to the board of directors and appointed to its audit committee. The company also announced that it has entered into agreements with the Office of Thrift Supervision (OTS) to address certain banking issues identified by the OTS.Read more
More state and national mortgage news and mortgage press releases:
- NMP Mortgage Professional of the Month: Gregory Lutin, Executive Vice President and National Sales Manager of Flagstar Bank Each month, National Mortgage Professional Magazine will focus on...
- Sara W. Stephens elected VP of The Appraisal Institute Sara W. Stephens, MAI of Little Rock was elected...
- Wolters Kluwer launches new RESPA audit tool Wolters Kluwer Financial Services has announced the launch of...
- Senate Banking Committee hearing reveals discord among federal regulators At a Senate Banking Committee hearing this past Tuesday,...
- CMSA to testify before Senate panel on securitization issues The Commercial Mortgage Securities Association (CMSA) will testify before the...
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