Flagstar Bancorp, Inc.

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On October 6, 2022, the deal spread in N.Y. Community Bancorp’s planned acquisiton of Flagstar Bancorp widened following a report that the U.S. Department of Justice (“DOJ”) is considering a lawsuit against Flagstar Bancorp based on allegations of racial discrimination.

Potential allegations include that black customers of Flagstar Bancorp paid more for home loans than other bank customers.

Shares of Flagstar Bancorp fell more than 8% in intraday trading on October 6, 2022.

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