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In connection with the decision to restate, Flagstar and its independent auditor identified a material weakness in internal control over financial reporting. Describe the material

In connection with the decision to restate, Flagstar and its independent auditor identified a material weakness in internal control over financial reporting. Describe the material weakness. Did it pertain to deficiencies in design, operating effectiveness, or both? What plans did the company have for remediating the material weakness?

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