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Flagstar Bancorp Inc. Message Board

  • iwantlegos iwantlegos Jun 1, 2013 11:47 PM Flag

    FBC only 56 million outstanding shares

    They have the same share count as the banks of a size with 300 employees and Flagstar is a 3000 employee bank size. This should sky rocket. The only problem is a lot of shorts that hang around this stock.

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    • I'm long, but don't see why this is relevant. They did 2 RSs. So what?

    • I know....I agree....FBC rocketed to $20 and then the shorts got hold of it.....FBC is a profitable company with issues.....if you have a 3 year time horizon, you should at least double your investment......this market is the most unusual market I have witnessed in over 15 years....feels like 1996, the run-up to Y2k.....the market is going higher people....FBC will rise with it and do it quickly.

      Sentiment: Buy

      • 2 Replies to sillycon3
      • It comes down to how many mortgage loans the bank can process. Refi's have been important over the past few years with housing generally in the tank (compared with the boom years). Lately they've been down...excerpt...

        (Source: MBA) – Mortgage applications decreased 8.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 24, 2013.

        The Market Composite Index, a measure of mortgage loan application volume, decreased 8.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 9 percent compared with the previous week. The Refinance Index decreased 12 percent, the largest single week drop in refinance applications this year, from the previous week to the lowest level since December 2012. The seasonally adjusted Purchase Index increased 3 percent from one week earlier. The unadjusted Purchase Index increased 2 percent compared with the previous week and was 14 percent higher than the same week one year ago.

        “Refinance applications fell for the third straight week bringing the refinance index to its lowest level since December 2012 as mortgage rates increased to their highest level in a year,” said Mike Fratantoni, MBA’s Vice President of Research and Economics. “Rates rose in response to stronger economic data and an increasing chance that the Fed may soon begin to taper their asset purchases.”

      • I agree server time hold

        Sentiment: Strong Buy

 
FBC
17.99-0.31(-1.69%)Aug 1 4:01 PMEDT

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