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Flagstar Posts $200.3 Million Quarterly Loss 

Jan 30, 2009By

Flagstar Bancorp Inc. [stock FBC][/stock], the holding company for Flagstar Bank FSB, announced Friday it had posted a net loss of $200.3 million, or $2.40 per share, in the fourth quarter — up more than 300 percent from the third-quarter loss of $62.1 million.  Non-performing assets including real estate-owned and repurchased assets increased to $755.2 million at the end of the fourth quarter, up from $548.3 million at the end of the third quarter.

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