Flagstar Bancorp cuts 20% of its mortgage staff
Housing Wire
APRIL 27, 2022
parent company of Flagstar Bank , has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. Overall, the bank’s net income in the first quarter of 2022 dropped 60.4% Michigan-based Flagstar Bancorp , Inc. billion in Q1 2021 to $5.7
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