Flagstar Bank ended the first quarter with $2.15 billion of warehouse lending commitments on its books, a healthy 31% increase from the year ago period.
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According to preliminary survey figures compiled by National Mortgage News, Flagstar ranks about fourth in the nation among warehouse providers.
The Michigan-based thrift reported that its customer base also grew during the period: 291 nonbank borrowers versus 266 a year ago.
Among all residential lenders Flagstar ranks ninth. It is also a top funder of loans through the wholesale and correspondent channels.
