<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                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997
<PERIOD-START>                             JAN-01-1997             JAN-01-1997
<PERIOD-END>                               JUN-30-1997             JUN-30-1997
<CASH>                                          18,272                  18,272
<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>                                      1,418,632               1,418,632
<ALLOWANCE>                                      4,500                   4,500
<TOTAL-ASSETS>                               1,596,289               1,596,289
<DEPOSITS>                                     904,310                 904,310
<SHORT-TERM>                                   417,133                 417,133
<LIABILITIES-OTHER>                            159,486                 159,486
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           137                     137
<OTHER-SE>                                     115,223                 115,223
<TOTAL-LIABILITIES-AND-EQUITY>               1,596,289               1,596,289
<INTEREST-LOAN>                                 27,548                  53,021
<INTEREST-INVEST>                                    0                       0
<INTEREST-OTHER>                                   537                   1,057
<INTEREST-TOTAL>                                28,085                  54,078
<INTEREST-DEPOSIT>                              11,599                  21,336
<INTEREST-EXPENSE>                              18,338                  33,585
<INTEREST-INCOME-NET>                            9,747                  20,493
<LOAN-LOSSES>                                    1,676                   2,314
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                                 15,833                  31,422
<INCOME-PRETAX>                                  8,113                  15,219
<INCOME-PRE-EXTRAORDINARY>                       5,141                   9,662
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     5,141                   9,662
<EPS-PRIMARY>                                      .40                     .80
<EPS-DILUTED>                                      .40                     .80
<YIELD-ACTUAL>                                    2.35                    2.46
<LOANS-NON>                                     42,038                  42,038
<LOANS-PAST>                                         0                       0
<LOANS-TROUBLED>                                     0                       0
<LOANS-PROBLEM>                                      0                       0
<ALLOWANCE-OPEN>                                 3,995                   3,500
<CHARGE-OFFS>                                    1,171                   1,314
<RECOVERIES>                                         0                       0
<ALLOWANCE-CLOSE>                                4,500                   4,500
<ALLOWANCE-DOMESTIC>                             4,500                   4,500
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                              0                       0