Flagstar Bancorp Inc. has picked up some of the employees impacted by Capital One Financial Corp.’s recent decision to get out of home lending.

Back in November, Capital One announced plans to exit its mortgage business, noting that it’s been too challenging to stay competitive and turn a profit.

The decision was expected to impact approximately 750 home loan employees located in Plano, Texas, and 155 people in Minnesota and New York.


Source: Mortgage Daily