Flagstar Bank is a large regional bank based in Troy, Michigan. Flagstar has over 100 branches across the State of Michigan. Flagstar is a bank with assets over $9.4 billion and one of the countries top 10 largest public savings banks. Flagstar primarily services Michigan. Flagstar was established in 1987 and is listed on the NYSE under the symbol FBC.
Flagstar has lending operations in both residential mortgages and commercial loans. The bank’s commercial loan operations service businesses of all sizes. Flagstar also offers additional services to their clients including insurance and investment products.
Flagstar has a large residential mortgage business and has loan origination retail locations that assist consumers in obtaining new mortgages. Flagstar also offers mortgages from Fannie Mae such as the HomePath mortgage. Flagstar foreclosure properties are often assumed by the investor, such as Fannie Mae or HUD.
Flagstar Bank has a mininal inventory of foreclosed properties and when avaialble they list them on their public website. If you are looking for a foreclosed property in the Michigan market, you may want to watch the Flagstar Bank website. The bank’s listing of foreclosure properties can be found at this link.