<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FLAGSTAR
BANCORP, INC. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1997
<CASH>                                          30,935
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                      1,331,979
<ALLOWANCE>                                      3,995
<TOTAL-ASSETS>                               1,327,984
<DEPOSITS>                                     767,293
<SHORT-TERM>                                   465,614
<LIABILITIES-OTHER>                            203,203
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           112
<OTHER-SE>                                      82,877
<TOTAL-LIABILITIES-AND-EQUITY>               1,519,099
<INTEREST-LOAN>                                 25,472
<INTEREST-INVEST>                                    0
<INTEREST-OTHER>                                   519
<INTEREST-TOTAL>                                25,991
<INTEREST-DEPOSIT>                               9,736
<INTEREST-EXPENSE>                               5,510
<INTEREST-INCOME-NET>                           10,745
<LOAN-LOSSES>                                      662
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 15,565
<INCOME-PRETAX>                                  7,104
<INCOME-PRE-EXTRAORDINARY>                       4,521
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,521
<EPS-PRIMARY>                                      .40
<EPS-DILUTED>                                      .40
<YIELD-ACTUAL>                                    .033
<LOANS-NON>                                     37,603
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 3,500
<CHARGE-OFFS>                                      167
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                3,995
<ALLOWANCE-DOMESTIC>                             2,495
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          1,500