<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                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997
<PERIOD-START>                             JUN-30-1997             JAN-01-1997
<PERIOD-END>                               SEP-30-1997             SEP-30-1997
<CASH>                                          43,633                  43,633
<INT-BEARING-DEPOSITS>                               0                       0
<FED-FUNDS-SOLD>                                     0                       0
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                          0                       0
<INVESTMENTS-CARRYING>                               0                       0
<INVESTMENTS-MARKET>                                 0                       0
<LOANS>                                      1,808,374               1,808,374
<ALLOWANCE>                                     (4,750)                 (4,750)
<TOTAL-ASSETS>                               2,033,260               2,033,260
<DEPOSITS>                                   1,011,594               1,011,594
<SHORT-TERM>                                   718,879                 718,879
<LIABILITIES-OTHER>                            181,238                 181,238
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           137                     137
<OTHER-SE>                                     121,412                 121,412
<TOTAL-LIABILITIES-AND-EQUITY>               2,033,260               2,033,260
<INTEREST-LOAN>                                 30,008                  83,029
<INTEREST-INVEST>                                    0                       0
<INTEREST-OTHER>                                   703                   1,760
<INTEREST-TOTAL>                                30,711                  84,789
<INTEREST-DEPOSIT>                              13,646                  34,982
<INTEREST-EXPENSE>                              21,012                  54,597
<INTEREST-INCOME-NET>                            9,689                  30,192
<LOAN-LOSSES>                                    1,416                   3,730
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                                 13,822                  45,244
<INCOME-PRETAX>                                  9,727                  24,946
<INCOME-PRE-EXTRAORDINARY>                       6,194                  15,856
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     6,194                  15,856
<EPS-PRIMARY>                                      .45                    1.26
<EPS-DILUTED>                                      .45                    1.26
<YIELD-ACTUAL>                                    1.98                    2.27
<LOANS-NON>                                     44,079                  44,079
<LOANS-PAST>                                         0                       0
<LOANS-TROUBLED>                                     0                       0
<LOANS-PROBLEM>                                      0                       0
<ALLOWANCE-OPEN>                                 4,500                   3,500
<CHARGE-OFFS>                                      966                   2,280
<RECOVERIES>                                         0                       0
<ALLOWANCE-CLOSE>                                4,950                   4,950
<ALLOWANCE-DOMESTIC>                                 0                       0
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                              0                       0