Flagstar returns to profitability

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Two years after a surprise loss nearly locked Flagstar Bank into a death spiral, the Long Island-based lender returned to profitability, according to a fourth-quarter earnings report the bank issued Friday. Flagstar reported net income of $29 million between October and December, the bank noted Friday. That compares with a $36 million loss from the third quarter an ...