February 28, 2013 (April 30th, 2013)
As you are aware, Flagstar Bank, FSB (the "Bank"), a wholly owned subsidiary of Flagstar Bancorp, Inc. (the "Company"), has entered into the following agreements: (1) the Transaction Purchase and Sale Agreement, dated as of December 31, 2012, between the Bank and CIT Finance LLC (the "CIT Agreement") and (2) the Asset and Portfolio Purchase and Sale Agreement, dated February 5, 2013, between the Bank and Customers Bank (the "Customers Agreement"). The closings under the CIT Agreement and Customers Agreement require in many cases that the Bank obtain consents from borrowers, agents or swap counterparties. In addition, the closing under the Customers Agreement requires the receipt of the consent of the lessor of the Bank's Providence, Rhode Island office (the "Providence Office Consent"). The Bank would like to provide an incentive for you to remain employed by the Bank through April 30, 2013, so you may assist with supervising the process of obtaining the consents under the CIT Agree
Transaction Purchase and Sale Agreement Between Flagstar Bank, Fsb and Cit Finance Llc Dated as of December 31, 2012 (March 5th, 2013)
THIS TRANSACTION PURCHASE AND SALE AGREEMENT (this "Agreement") is entered into this 31st day of December, 2012 (the "Effective Date"), by and among FLAGSTAR BANK, FSB, a federally chartered savings bank ("Seller") and CIT Finance LLC, a Delaware limited liability company ("Purchaser"). Seller and Purchaser are referred to herein collectively as the "Parties" and each, individually, as a "Party".