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Loan Modification

: Mortgage Lender Implode-o-Meter

Flagstar Said to Raise $600 Million in Share Sale

By Implode-Explode Heavy Industries

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"Flagstar Bancorp Inc., the Michigan bank rescued by MatlinPatterson Global Advisors last year, is trying to raise $600 million in a share sale to boost capital after eight straight quarterly losses, said people with knowledge of the matter."

Full post as published by Mortgage Lender Implode-o-Meter on September 14, 2010 (boomark / email).

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