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Flagstar Posts $200.3 Million Quarterly Loss

By DIANA GOLOBAY

Flagstar Bancorp Inc. (FBC: 0.6601 -4.33%), the holding company for Flagstar Bank FSB, announced Friday it had posted a net loss of $200.3 million, or $2.40 per share, in the fourth quarter — up more than 300 percent from the third-quarter loss of $62.1 million.  Non-performing assets including real estate-owned and repurchased assets increased to [...]

Full post as published by Housing Wire on January 30, 2009 (boomark / email).