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 Search for: Flagstar...word on the street?.
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Managing Prime

2960 Posts

Posted - 07/01/2009 :  6:50:24 PM
Any news on flagstar? A friend of my dads called me upset because flagstar is holding up closing on her loan for no apparent reason. I can't get a hold of anyone there at this hour...anyone know if they are having problems?
hmorales007

491 Posts

Posted - 07/01/2009 :  11:53:00 PM
they suck - always have - amazing their lights are still on
bpmurtiff

48 Posts

Posted - 07/02/2009 :  06:39:15 AM
MP...wholesale or retail? I am in Flagstar wholesale, and will help you if I can.
pdm

349 Posts

Posted - 07/02/2009 :  10:15:40 AM
I luve em cleard to close in 5 days or less.
jls

298 Posts

Posted - 07/03/2009 :  11:13:03 AM
there doors are still open. got a couple there.
Ruby2sdae2

514 Posts

Posted - 07/03/2009 :  3:44:33 PM
The president has stepped down if that is any indication of things happening (which I'm not saying it is but who knows) Mark Hammond is gone by Jan 2010 not sure why though but his choice.
Managing Prime

2960 Posts

Posted - 07/03/2009 :  6:39:02 PM
Thanks for the replies....I thought maybe they were having funding problems and I've been out of the loop a while. Turns out the UW just had a problem with a downpayment grant...the lo got an exception from the head of underwriting and it's closing.

Out of curiosity who is it that is having the funding problems, TBW?
Kenneth Fedak

506 Posts

Posted - 07/03/2009 :  6:44:12 PM
TBW been late funding on many refinances. (beyond the 3 day recission, usually another 3-5 days). I haven't had any problems with them funding purchases......yet.
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