Relevant:
- Flagstar Bank to face trial over mortgage servicing
- Is Flagstar Bank Playing Low-Income Borrowers For Chumps?
- Genworth Plunges After Loss Amid ‘Worsening Trends' in Mortgage Insurance
- Flagstar may have to sell collection contracts at loss - report
- Judge Rules Against Flagstar - Precedent Could Cost Bank of America Billions
2010-04-12 — housingwire.com
"Mortgage originator and savings bank, Flagstar (FBC: 0.6857 +2.65%) implemented a new job-loss insurance plan last week in order to cover mortgage payments in the event of involuntary unemployment on the part of the borrower. Flagstar, with $14bn in total assets as of year-end 2009, said the program is available at no charge with insurance being provided by Genworth Financial (GNW: 18.29 -0.11%)."
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