<SEC-DOCUMENT>0001140361-25-032378.txt : 20251120
<SEC-HEADER>0001140361-25-032378.hdr.sgml : 20251120
<ACCEPTANCE-DATETIME>20250822163838
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001140361-25-032378
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250822

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLAGSTAR FINANCIAL, INC.
		CENTRAL INDEX KEY:			0000910073
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		ORGANIZATION NAME:           	02 Finance
		EIN:				061377322
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		102 DUFFY AVENUE
		CITY:			HICKSVILLE
		STATE:			NY
		ZIP:			11801
		BUSINESS PHONE:		5166834100

	MAIL ADDRESS:	
		STREET 1:		102 DUFFY AVENUE
		CITY:			HICKSVILLE
		STATE:			NY
		ZIP:			11801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FLAGSTAR FINANCIAL, INC.
		DATE OF NAME CHANGE:	20241101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW YORK COMMUNITY BANCORP, INC.
		DATE OF NAME CHANGE:	20240311

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW YORK COMMUNITY BANCORP INC
		DATE OF NAME CHANGE:	20001128
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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    <title></title>
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    <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
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            <div><img src="ny20053144x4_img001.jpg" height="31" border="0" width="144"> <br>
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            <div style="text-align: right;">102 Duffy Avenue</div>
            <div style="text-align: right;"> Hicksville, NY 11801 <br>
            </div>
          </td>
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  <div style="text-align: center;"> <br>
  </div>
  <div style="text-align: center;"><br>
  </div>
  August 22, 2025
  <div>&#160;</div>
  <div>Division of Corporation Finance</div>
  <div>Office of Finance</div>
  <div>Securities and Exchange Commission</div>
  <div>100 F Street, N.E.</div>
  <div>Washington, D.C. 20549</div>
  <div>&#160;</div>
  <div>
    <table id="zef9b082fadb34448bc4c55a5a63406d9" style="vertical-align: top; width: 100%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" align="left" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 10%; text-align: left; vertical-align: top;">
            <div>&#160;Attention:</div>
          </td>
          <td style="width: 90%; text-align: left; vertical-align: top;">
            <div>Madeleine Joy Mateo</div>
            <div> Christian Windsor</div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; text-align: left; vertical-align: top;">
            <div style="font-weight: bold;">&#160;Re:</div>
          </td>
          <td style="width: 90%; text-align: left; vertical-align: top; font-weight: bold;">
            <div>Flagstar Financial, Inc.</div>
            <div> Preliminary Proxy Statement on Schedule 14A</div>
            <div> Filed August 8, 2025</div>
            <div> File No. 001-31565</div>
          </td>
        </tr>

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    <div> <br>
    </div>
  </div>
  <br>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div>Ladies and Gentlemen:</div>
  <div>&#160;</div>
  <div>This letter responds to the comment letter from the Staff of the Securities and Exchange Commission (the &#8220;Staff&#8221;), dated August 19, 2025, concerning the Preliminary Proxy Statement on Schedule 14A of Flagstar Financial, Inc. (the &#8220;Company&#8221;) filed on
    August 8, 2025.</div>
  <div>&#160;</div>
  <div>For reference purposes, we have set forth the comment from your letter in bold, immediately followed by the Company&#8217;s response.</div>
  <div>&#160;</div>
  <div style="font-weight: bold;"><u>Preliminary Proxy Statement on Schedule 14A</u></div>
  <div style="font-weight: bold;"><u>Risk Factors, page 12</u></div>
  <div>&#160;</div>
  <div style="font-weight: bold;">We note that you discuss the differences between the application of the securities laws as administered by the OCC for national banks compared to the application of the 1933 Act and 1934 Act as administered by the
    Commission for other registrants. Add a risk factor to clarify that, to the extent that you do not continue to file your reports with the Commission on a voluntary basis, that investors may find it more difficult to access your reports.</div>
  <div>&#160;</div>
  <div><u>Company Response</u>: The Company will add the following risk factor to our Definitive Proxy Statement on Schedule 14A:</div>
  <div>&#160; <br>
  </div>
  <div style="margin-left: 36pt; color: #000000; font-style: italic;">Although the Bank currently expects to file its Exchange Act reports with the SEC on a voluntary basis, the Bank may cease voluntarily filing at any time.&#160; If the Bank were to cease
    voluntarily filing with the SEC, its reports would no longer be available on the SEC's EDGAR system and may be more difficult for investors to locate.</div>
  <div>&#160;</div>
  <div style="margin-left: 36pt; color: #000000;">Historically, the Company has filed its annual, quarterly and current reports and other business and financial information with the SEC. The SEC has made these filings publicly available through its
    Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. EDGAR allows investors to easily access Company filings. Following the reorganization, the Bank must file its quarterly and annual</div>
  <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div class="BRPFPageBreak" style="page-break-after: always;">
      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
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  <div style="margin-left: 36pt; color: #000000;"> reports required by the Exchange Act with the OCC. In addition, the Bank expects to file such reports with the SEC after closing on a voluntary basis. However, the Bank can cease such voluntary reporting
    at any time, in which case the Bank would file its Exchange Act reports solely with the OCC. The OCC does not have a system comparable to EDGAR and there can be no assurance that the OCC will develop a comparable system in the near future. Accessing
    Bank filings through the OCC requires investors to submit a Freedom of Information Act (&#8220;FOIA&#8221;) request to the OCC. Therefore, to the extent that the Bank does not file its quarterly and annual reports required by the Exchange Act with the SEC on a
    voluntary basis following the reorganization, investors may find it more difficult to access these reports and may view the Bank less favorably.</div>
  <div>&#160;</div>
  <div>In connection with our response, we acknowledge that we are responsible for the accuracy and adequacy of our disclosures, notwithstanding any review, comments, action or absence of action by the Staff.</div>
  <div><br>
  </div>
  <div>If you have any questions, please contact Bao Nguyen, General Counsel, at <u>Bao.Nguyen@flagstar.com</u>.</div>
  <div><br>
  </div>
  <div>Sincerely,<br>
    <br>
  </div>
  <div>
    <table id="z2b1e54d4d8f74e60aff525dd282d3773" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

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          <td style="width: 50%; padding-bottom: 2px;">
            <div>&#160;</div>
          </td>
          <td style="width: 50%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Bao Nguyen</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.00%;">
            <div>&#160;</div>
          </td>
          <td style="width: 50.00%;">
            <div>Bao Nguyen</div>
            <div> Senior Executive Vice President, General Counsel, and Chief of Staff</div>
          </td>
        </tr>

    </table>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">cc: Jared Fishman, Esq.</div>
  <div>&#160;</div>
  <div><br>
  </div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
