Flagstar Bancorp Inc., a residential mortgage lender based in Troy, Mich., has announced a suspension of dividend payments for the first quarter. "Although we are seeing strong loan production, increasing gain-on-sale margins, and improved net interest margins, the board believes that it is prudent to preserve capital by suspending the dividend until the capital markets normalize and residential real estate shows signs of improvement," said Mark Hammond, chief executive officer and vice chairman of Flagstar. The company can be found on the Web at http://www.flagstar.com.

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