Flagstar CEO: We’re not ‘just a mortgage company’

Flagstar has been reinventing itself since the financial crisis, moving away from a mortgage-heavy strategy. Flagstar’s president and CEO, said in an interview. “We’re adding almost 200,000.

Flagstar Bancorp, Inc. (NYSE:FBC) Q1 2019 Earnings Conference Call April 23, 2019 11:00 AM ET Company Participants Ken Schellenberg – Vice President, Investor Relations Sandro DiNello – President.

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"Make no mistake; we are a midsized bank, operating on a national basis with an incredibly strong mortgage business," President and CEO Alessandro DiNello said during a conference call to discuss the Troy, Mich.-based bank’s results. But its first-quarter results are proof that Flagstar is no longer "just a mortgage company," he added.

While public mortgage companies trade at roughly 6x earnings and banks trade at about 18x earnings, Flagstar’s pricing is at 12-13x earnings, the CEO said. "The reason is: We’re kind of a.

People on the move: Jan. 4

So, it’s just what the business is and we’re not in an economy that — where housing is thriving. So how can you be anymore positive than we are being about the mortgage business. I just don’t see it.

Whether or not you’re a first time buyer, we have a home loan to meet your specific needs. Compare and easily apply for a home loan with Flagstar. Home Loans: Applying for a Mortgage | Flagstar Bank

Sandro, you just said we are conservative by nature, we’re not going to stretch on credit. We haven’t stretched on credit, and I think we’re just going to stick to our guns. Prescott Beury

The CEO. we’re really focused on forward,” Bray said. “We don’t really include reverse in the pipeline because we just see those as more one-off, opportunistic-type transactions.” The company.

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