Applications / Mortgage Analytics / Lenders / New York / Flagstar Bank
Hicksville, NY · National bank · OCC · $87.5 billion assets · 9,656 loans in 2025
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9,656
loans originated, 2025
19,118
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Flagstar Bank leans on government-backed loans far more than similar lenders, and its originations fell 67% in 2025 while similar lenders grew 4%.
Similar lenders are national banks with between half and twice its originations. It made 9,656 loans, against 29,443 in 2024 and 121,216 in 2020, the steepest fall among them; the whole market grew 10%. Loans bought from other lenders fell to 144 from 16,915. The data does not say why; a choice to scale back mortgage lending is one possibility.
FHA loans (insured by the Federal Housing Administration) were 17.7% of its loans, against 2.1% at similar lenders, the highest among them. VA loans (guaranteed by the Department of Veterans Affairs) were 5.8%, against 0.9%, and RHS loans (guaranteed by the Department of Agriculture's Rural Housing Service) 0.7%, also the highest.
19.4% of its loans were in LMI (low- and moderate-income) areas, higher than about nine in ten similar lenders, and 24.3% in majority-minority areas, higher than more than eight in ten. Its LMI borrower share, 28.4%, was near the middle.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Flagstar Bank took 19,118 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 63.9% · Refinance 29.3% · Other 4.6% · Home improvement 2.2%
Conventional 75.8% · FHA 17.7% · VA 5.8% · USDA (RHS or FSA) 0.7% · of 9,656 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Michigan | 2,677 | 27.7% |
| Texas | 943 | 9.8% |
| California | 934 | 9.7% |
| Florida | 737 | 7.6% |
| Indiana | 410 | 4.2% |
| New York | 367 | 3.8% |
| Georgia | 351 | 3.6% |
| Arizona | 303 | 3.1% |
| Ohio | 300 | 3.1% |
| New Jersey | 204 | 2.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 975 |
| Detroit-Dearborn-Livonia | 561 |
| Houston-Pasadena-The Woodlands | 312 |
| Lansing-East Lansing | 306 |
| New York-Jersey City-White Plains | 229 |
| Riverside-San Bernardino-Ontario | 224 |
| Phoenix-Mesa-Chandler | 206 |
| Fort Wayne | 164 |
| Dallas-Plano-Irving | 154 |
| Los Angeles-Long Beach-Glendale | 138 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | SS1TRMSN6BRNMOREEV51 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 146672 | 2004–2021 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 694904 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 48412 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9146672 | 2011–2017 |
| Respondent ID (the HMDA filer code before 2018) | 1708412 | 2015–2015 |
Established 20 May 1987. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Flagstar Bank's data.
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