Inactive Instrument

Flagstar Bancorp, Inc.

Equities

FBC

US3379307057

Flagstar Bancorp : Earns Investment-Grade Ratings and Stable Outlook from Egan-Jones Ratings Company

May 24, 2016 at 06:31 am EDT

TROY, Mich., May 24, 2016 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today announced that it has earned investment-grade ratings from the Egan-Jones Ratings Company ("EJR"). EJR assigned a long-term corporate issuer rating of A with a stable outlook and a short-term commercial paper rating of A1 to Flagstar Bancorp, Inc.



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

    Flagstar Bancorp, Inc. Long-Term Corporate Issuer  A      Stable
    ---------------------- --------------------------  ---    ------

                           Short-Term Commercial Paper A1
                           --------------------------- ---

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 a leading national originator and servicer of mortgage loans, handling payments and record keeping for nearly $70 billion of home loans for over 340,000 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-egan-jones-ratings-company-300273456.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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