Michael W. Carrie, former chief financial officer of Flagstar Bancorp Inc., a major mortgage lender based in Troy, Mich., has resigned from Flagstar's board of directors and entered into a consulting agreement with the company.Flagstar said Mr. Carrie also resigned from the board of directors of its wholly owned subsidiary, Flagstar Bank FSB, and that he will consult with Flagstar through March 2006 to assist in the transition of the successor CFO. In addition, the company announced the appointment of Brian Tauber as an independent member of both Flagstar boards to fill the vacancies resulting from Mr. Carrie's resignation. Mr. Tauber is president and chief executive officer of Carolina Precision Plastics. Flagstar, which operates home loan centers in 27 states, can be found on the Web at http://www.flagstar.com.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
3h ago -
The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
4h ago -
One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
4h ago -
There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
5h ago -
Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
7h ago -
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May 10