2010-09-14bloomberg.com

"Flagstar Bancorp Inc., the Michigan bank rescued by MatlinPatterson Global Advisors last year, is trying to raise $600 million in a share sale to boost capital after eight straight quarterly losses, said people with knowledge of the matter."



Comments:

mortgagemess at 21:07 2010-09-14 said:
Can't say I am surprised...much going on "internally" in that bank regarding the loan processing in the past that have placed them in this situation..much "under the table and eyes turned the other way" Permalink

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