Inactive Instrument

Flagstar Bancorp, Inc.

Equities

FBC

US3379307057

Flagstar Bancorp : Earns Investment-Grade Ratings and Stable Outlook From Kroll Bond Rating Agency

April 18, 2016 at 04:06 pm EDT

TROY, Mich., April 18, 2016 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced that it has earned investment-grade ratings with a stable outlook from the Kroll Bond Rating Agency ("KBRA"). KBRA assigned a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Flagstar Bancorp, Inc. Flagstar Bank, FSB was assigned a deposit rating of BBB+, a senior unsecured debt rating of BBB+, and short-term debt and deposit ratings of K2. The outlook on all long-term ratings is stable.



    Ratings
    -------

    Entity                 Type                  Rating Outlook
    ------                 ----                  ------ -------

    Flagstar Bancorp, Inc. Senior Unsecured Debt BBB    Stable
    ---------------------- --------------------- ---    ------

                           Subordinated Debt     BBB-   Stable
                           -----------------     ----   ------

                           Short-Term Debt       K3
                           ---------------       ---

    Flagstar Bank, FSB     Deposit               BBB+   Stable
    ------------------     -------               ---    ------

                           Senior Unsecured Debt BBB+   Stable
                           --------------------- ---    ------

                           Short-Term Debt       K2
                           ---------------       ---

                           Short-Term Deposit    K2
                           ------------------    ---

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $13.7 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, the largest bank headquartered in Michigan, provides commercial, small business, and consumer banking services through 99 branches in the state. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as through 26 retail locations in 19 states. Flagstar is the 10th largest national originator of mortgage loans and a top 20 mortgage servicer, handling payments and record keeping for over $72.5 billion home loans for over 360,000 borrowers. For more information, please visit flagstar.com.

For more information contact:

David L. Urban
(248) 312-5970

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/flagstar-earns-investment-grade-ratings-and-stable-outlook-from-kroll-bond-rating-agency-300253168.html

SOURCE Flagstar Bancorp, Inc.

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Company Profile

Flagstar Bancorp, Inc. is a savings and loan holding company. The Company's business is primarily conducted through its subsidiary, Flagstar Bank, FSB (the Bank). The Bank provides commercial and consumer banking services. It operates through three segments: Community Banking, Mortgage Originations and Mortgage Servicing. The Community Banking segment originates loans, provides deposits and fee-based services to consumer, business, and mortgage lending customers through its branch banking, business banking and commercial banking, government banking and warehouse lending. The Mortgage Originations segment originates and acquires one-to-four family residential mortgage loans to sell or hold. The Mortgage Servicing segment services and subservices mortgage and other consumer loans for others on a fee for service basis. The Mortgage Servicing segment also services loans for its loans held-for-investment (LHFI) portfolio and its own LHFS portfolio in the Mortgage Originations segment.

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