An upcoming acquisition by Flagstar Bancorp Inc. will expand its retail lending business on the West Coast and boost its originations by nearly 10 percent.
The Troy, Michigan-based bank-holding company previously reported more than $32 billion in residential loan originations for all of last year.
Mortgage production was generated from more than 40 loan origination centers and bank branches that are primarily concentrated in the Midwest.
Source: Mortgage Daily
