Flagstar Bancorp announces mass layoff

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Flagstar Bank Announces Foundation | Markets Insider – TROY, Mich., Sept. 6, 2017 /PRNewswire/ — Flagstar Bank announced it has established the Flagstar Foundation to focus its charitable giving on specific areas that align with the bank’s community.

Mortgage interest deduction stays afloat with uncertain future The SALT deduction stays.. The mortgage interest deduction remains, but will now apply to as much as $750,000 in mortgage principal, down from $1 million under current law. However, existing.

Macy’s Announces 5,000 Job Cuts, Closure Of 7 More Stores. – Macy’s Announces 5,000 Job Cuts, Closure Of 7 More Stores; Stock tumbles. laguna hills mall, Laguna Hills, Calif. Westside Pavilion, Los angeles stonestown galleria, San Francisco Magic Valley Mall, Twin Falls, Idaho Putting the closures in context, they are are part of a plan announced in August 2016 to shutter 100 stores.

Flagstar Initiates Dividend and $50 Million Share Repurchase –  · Flagstar Bancorp, Inc. is an $18.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services.

Russia hit with mass layoffs as economy worsens – Russia is starting to see a wave of mass layoffs as a result of the plunging economy. making the removal of sanctions an unlikely prospect. The European Central Bank this week announced a.

CoreLogic: September completes 41,000 foreclosures Additional October 2016 highlights: *september 2016 data was revised. Revisions are standard, and to ensure accuracy corelogic incorporates newly released data to provide updated results. Judicial.

A List of Mortgae Closures – DocShare.tips – A List of Mortgage Closures, Mergers and Layoffs Colin Robertson February 21, 2007 Comments Off So why are all these mortgage companies consolidating, laying off employees, sending out warnings, and going out of business?

More layoffs loom at State Street Corp. – State Street, the world leader in custodial assets once the Deutsche Bank transaction is closed, announced the most recent layoffs in a Nov. 1 filing. State Street workers who will lose their jobs.

Here’s why more mass layoffs are unlikely in the oil industry – Schlumberger SLB, +0.74% on Thursday announced another batch of layoffs, saying it will cut 11,000 jobs by. A research note earlier this month from the Federal Reserve Bank of Dallas spelled out a.

Why layoffs are for lazy corporate overseers – Many workers today don’t know of a world without layoffs. But they haven’t always been common. I was in New York attending a disaster recovery conference in 1992 when IBM (IBM) announced its. were.

FHA to raise insurance premiums in April FHA Premiums to Rise April 1 – Nesbitt Realty & Property. – The annual fee on the majority of FHA loans will rise by 0.1 percent on April 1. This marks the third time the FHA has increased its mortgage insurance premiums in two years. And since 2008, the fee has nearly tripled. Some borrowers are rushing to beat the April 1 deadline. The FHA premium hikes are part of an effort by the agency to increase its insurance fund.

Metro Detroit-based Flagstar Bank laying off 600 employees. – Troy-based Flagstar Bancorp. announced in a release Thursday that a "restructuring initiative" will ultimately result in 600 layoffs from its Sept. 30, 2013 headcount level.

Flagstar Bancorp announces mass layoff – housingwire.com – Bank to slash 600 positions as part of restructuring. The loans linked to Flagstar led to months of legal wrangling and then a series of settlements. The lender announced the cuts as part of a broader initiative to focus on today’s lending environment.