Tag Archives: Flagstar

Flagstar Bank reduced its mortgage staff by 20%

Flagstar Bank has reduced its mortgage staff by 420 employees, or 20%, since the beginning of the year, the lender confirmed Tuesday.  The Troy, Michigan bank cited declining mortgage volume as reason for the reduction, echoing mortgage firms both large and small who have made cuts in recent weeks. “Mortgage originators today are facing unprecedented […]

Flagstar hires new leader for distributed retail

Jim Linnane, a well-seasoned executive with stops at a number of lenders, has joined Flagstar Bank as president of its distributed retail network. “Jim is an industry veteran who has extensive experience running distributed retail operations, both in a bank and non-bank environment,” said Lee Smith, president of Mortgage at Flagstar. “He’s a results-oriented team-builder […]