Flagstar Bank

Flagstar Posts $30.1 Million Fourth Quarter Loss As Delinquencies Rise 

Flagstar Bancorp, Inc. said Wednesday that it lost $30.1 million, or $(.50) per share, during the fourth quarter as mortgage woes took their toll on the Michigan-based bank. The fourth quarter loss compares to net earnings of $6.9 million, $.11 per share, one year earlier.