Acceleration in residential loan originations at Flagstar Bancorp Inc. was driven by its correspondent business. Elevated activity is likely to continue.
Prior to income taxes, Flagstar earned $87 million during the three months that ended on Sept. 30 of this year, climbing from $69 million the prior quarter.
That data, along with other operational and financial metrics, were revealed Tuesday by the Troy, Michigan-based firm in its third-quarter earnings report.
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From:: Financing