We have identified opportunities in our core businesses in mortgage to drive sustainable profitability and continue to invest in product development and risk and compliance infrastructure. Our relentless focus on eliminating inefficiencies and redundancies is a necessary part of our daily activities given the industry wide pressure on margins, lower consumer transaction fees and higher regulatory costs as Dodd-Frank becomes fully implemented.We fully believe the strong risk management and compliance functions of our core competency is necessary for any successful company. Finally, we continue to implement lasting innovative ways to better serve our customers, all with the overriding goal of generating value for our shareholders.
Flagstar Bancorp CEO Discusses Q2 2012 Results - Earnings Call Transcript
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