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Home » Store » Taxable » Flagstar Course into B&C Market Lies in Investment

Flagstar Course into B&C Market Lies in Investment

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Taxable

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One of the prime market’s largest players has taken aim at the subprime market, with a strategy that will focus on the acquisition of closed mortgages. “Starting this new mortgage investment company will not change Flagstar’s existing mortgage program or sales force, just complement them,” said Thomas Hammond, chairman of the board at Flagstar Bancorp, describing the subprime strategy during a recent conference call with investors. …
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