Flagstar May Have to Sell Mortgage-Billing Contracts for a Loss - Bloomberg.com
Discovered on 2009-08-19 04:41:41 · http://www.bloomberg.com/apps/news?pid=20601087&si [bn:WBTKR=FBC:US] Flagstar Bancorp Inc. [], the Michigan
lender whose January takeover sparked scrutiny of buyout firms’
role in the banking industry, may be forced to sell some of its
$658 million of mortgage-collection contracts at a loss, people
briefed on the matter said.
