The Michigan layoffs following last week's announcement by Flagstar Bank's parent company, New York Community Bancorp., that it was laying off 700 employees — 8% of its workforce — as part of ...

In a move expected to yield 1.3 million new customers, Mr Cooper Group announced plans to acquire Flagstar Bank's mortgage servicing operation for $1.4 billion.

Lending Area and Branches Flagstar Bank has branches in Arizona, California, Florida, Indiana, Michigan, New Jersey, New York, Ohio, and Wisconsin, and it provides mortgages in all 50 U.S. states.