1 minute readMortgage loan production at Flagstar Bank is up in Q209 from a year earlier, but non-performing mortgages and loan charge-offs continue to soar. The bank’s loan production — primarily agency residential first mortgages — fell to $9.3bn in Q209 from $9.5bn in the previous quarter, but is up 13% from $8.2bn in the year-ago quarter. Flagstar Bancorp (FBC), holding company for Flagstar Bank, posted $76.6m in Q209 net loss, compared with $67.4m in the previous quarter. Flagstar took $117.7m of net loan charge-offs in the quarter, up from $68.2m in Q109 and nearly ten times the $11.2m of charge-offs taken in the year-ago quarter. Meanwhile, the provision for loan losses fell to $125.7m in Q209, from $158.2m in the previous quarter. Residential first mortgages accounted for $588.2m of the bank’s total $1.1bn in non-performing assets at the end of Q209. Non-performing mortgages rose more than 150% from $232.6m in the year-ago period while total non-performing assets grew by 120% from $500m. Write to Diana Golobay. Disclaimer: The author held no relevant investments when this story was published.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
RE/MAX accelerates real estate innovation with AI and technology
RE/MAX is accelerating the integration of AI and cutting-edge technology to transform how agents engage with clients, generate leads, and deliver results. Initiatives like Max AI, MaxRefer, MaxEngage, and HomeView leverage real-time data, personalized marketing, and AI-driven tools to streamline the homeownership experience and empower its agents. Leading this innovation is Travis Saxton, EVP of Strategy at RE/MAX, who has spearheaded the rollout of these technologies, including AI-powered training through Sky AI and SkyStudio, redefining the future of real estate by combining human connection with next-generation tools.
Nov 17, 2025 3:44 am
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
