Flagstar Bancorp (FBC) 10-Q 2008 Q3 Quarterly report

EXHIBIT 11
Flagstar Bancorp, Inc.
Computation of Net Loss per Share

     Net loss per share — basic and net loss per share — diluted are computed by dividing each such loss per share by the weighted average number of common stock and common stock equivalents outstanding during the period, respectively (in thousands, except per share data).

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2008			2007			2008			2007
Net loss	$	(62,091	)	$	(32,055	)	$	(56,944	)	$	(9,165	)
Average common shares outstanding		78,473			60,265			68,301			61,450
Net loss per share — basic	$	(0.79	)	$	(0.53	)	$	(0.83	)	$	(0.15	)
Average common share equivalents outstanding		78,473			60,636			68,301			61,874
Net loss per share — diluted	$	(0.79	)	$	(0.53	)	$	(0.83	)	$	(0.15	)

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