"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%)."

Comments: Be the first to add a comment

add a comment | go to forum thread