Flagstar Annual Income Triples, Even Though Mortgage Business was ‘Softer than We Expected’
HousingWire, Jan. 22, 2019–Jacob Gaffney
Flagstar reported 2018 net income was $187 million, as compared to full year 2017 net income of $63 million, nearly triple the profit after taxes and other deductions are taken out. The bank also reported fourth-quarter net income of $54 million, after reporting a loss in the same period a year earlier.
