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$3.08 0.28 (10.00%)
7/3/2008 1:03 PM

Flagstar Bancorp, Inc. (FBC)

CAPS Rating:
*

The Company is a savings and loan holding company. Its business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB, a federally chartered stock savings bank.

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Avatar VegasJake (< 20) Submitted: 12/21/07 2:20 PM : Outperform Start Price: $7.18 FBC Score: -42.55

This is very responsible lender none of the mortgage brokers used back in the day becuase many other lenders were offering more pay for easier to get loans.
They do not have big portfoilio of crappy loans. And, right now, many brokers are using them for the loans still being originated. Their loan volume of good quality loans is GROWING !

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Avatar cubanstockpicker (75.85) Submitted: 3/25/08 9:51 PM

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This is a great bank. No subprime and every broker was afraid of them because of their extrmely harsh buyback plan. Plus they went through docs with a fine tooth comba dn if thery ever received a suspect document, the broker got blackballed, permanantly. They guaranteed getting the BEST LOANS, because their YSP, (money in the back) was always half a point better than the competition. Yes they paid more for the better loans, but they guaranteed themselves a less bumpy ride. Great stock, I own them and am currently adding more. WOnt put in caps though, not until another one of these furious sell offs happen.

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