Flagstar Bancorp, Inc.

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Flagstar Says Unit And DOJ Signed An Amendment To Stipulation And Order Of Settlement And Dismissal Dated Feb. 24

Published: 03/30/2021 22:14 GMT
Flagstar Bancorp, Inc. (FBC) - Flagstar Bancorp Inc - on March 30, 2021 Unit and Doj Signed an Amendment to Stipulation and Order of Settlement and Dismissal Dated February 24, 2012.
Flagstar Bancorp Inc - Amendment Settles Legacy Liability Related to Pre-2012 Activities & Will Terminate 2012 Agreement Upon Payment.
Flagstar Bancorp Inc - Amendment Requires Unit to Make $70 Million One-time Restitution Cash Payment.
Flagstar Bancorp Inc - Amendment Removes Any Further Obligation Related to Potential Payments Required by 2012 Agreement.